07.31.18
351,Bakdal-ro, Manan-Gu, Anyang-City
Kyonggi-Do, Korea
Tel: +82 31-467-6437
Fax: +82 31-443-8570
www.daihanink.com
Email: weero@d-ink.co.kr
Sales: $90 million for Daihan Ink and DI&C; $165 million (consolidated Group sales).
Major Products: Offset sheetfed, web heatset, UV ink; metal deco ink; letterpress ink; UV inkjet ink; digital sublimation ink. Sister company DI&C produces gravure and flexo ink.
Key Personnel: J.S. Han, chairman; H.S. Ahn, Daihan Ink Co., Ltd. CEO for Offset Ink Division; C. H. Lee, DI&C Co., Ltd. CEO; (Liquid Ink Division); H.S. Han, Seda Co., Ltd. CEO; J.Y. Oh, Izen Co., Ltd. CEO.
Number of Employees: 300.
Comments: Daihan Ink Co., Ltd. is the oldest ink manufacturer in Korea, dating back to 1945. The company offers a full range of inks, including liquid, paste and digital inks.
Daihan Ink Group Companies consists of four companies: Daihan Ink Co., Ltd., which is focused on providing total printing solutions for offset, UV and metal deco inks and coatings; DI&C Co., Ltd., which specializes in liquid inks; Seda Co., Ltd., which designs and constructs chemical plants and also is involved in chemical trading; and Izen Co., Ltd., which is focused on chemical plant maintenance, design and construction.
Daihan Ink enjoyed an excellent year overall with sales remaining steady. One highlight is its new factory in Vietnam, which began operations in October 2016.
“For Daihan, 2017 was almost the same as previous years,” said Charlie Lee, head of the Overseas Sales Department’s team. “With Daihan Ink’s Vietnam factory, we have wider options to supply inks. Even though we struggled the same as others in the dropping offset ink market, we could maintain sales, and one of the reasons is thanks to our Vietnam factory.”
Lee added that Daihan Ink is now working on new headquarters, which will allow the company to bring its leadership together under one roof.
“We are now building a new factory for coating products, and we are now building a new 10-story building for our Daihan Ink Group company office. When our group companies get together in one building, we will operate one Strategy Leadership Team that can cover the group companies.”
Another highlight was the company’s participation in the UAE printing exhibition, which gave Daihan Ink new customers in Africa.
Raw materials and currency challenges are having an impact on Daihan Ink.
“We are facing two difficulties,” said Lee. “One is raw material price increases, and the other one is the exchange rate. Chinese environment regulations are causing raw material price increases. Meanwhile, for Korea, due to the peaceful mode on the Korean peninsula, the US dollar is getting weaker, but in some other countries on our customers’ side, the US dollar is getting stronger.
“Even though we saw some news that some major ink manufacturers increased their price, we still have a lot of pressure to decrease our price, and we haven’t increased our ink price,” Lee added. “We still try to maintain the same price as before by sacrificing ourselves as last year.”
Daihan Ink’s new plant in Vietnam is key to its growth in the coming years.
“Our target for the coming year is that we are selling in markets that we haven’t been good in, such as Africa and South America,”
Lee observed. “Mostly these markets are lower price ink markets, so we are ready to approach them with our Vietnam ink, which offers good quality and good price. Market competition is getting higher and higher, so even if we can maintain the market, that is good, but we will do more to survive.”
Kyonggi-Do, Korea
Tel: +82 31-467-6437
Fax: +82 31-443-8570
www.daihanink.com
Email: weero@d-ink.co.kr
Sales: $90 million for Daihan Ink and DI&C; $165 million (consolidated Group sales).
Major Products: Offset sheetfed, web heatset, UV ink; metal deco ink; letterpress ink; UV inkjet ink; digital sublimation ink. Sister company DI&C produces gravure and flexo ink.
Key Personnel: J.S. Han, chairman; H.S. Ahn, Daihan Ink Co., Ltd. CEO for Offset Ink Division; C. H. Lee, DI&C Co., Ltd. CEO; (Liquid Ink Division); H.S. Han, Seda Co., Ltd. CEO; J.Y. Oh, Izen Co., Ltd. CEO.
Number of Employees: 300.
Comments: Daihan Ink Co., Ltd. is the oldest ink manufacturer in Korea, dating back to 1945. The company offers a full range of inks, including liquid, paste and digital inks.
Daihan Ink Group Companies consists of four companies: Daihan Ink Co., Ltd., which is focused on providing total printing solutions for offset, UV and metal deco inks and coatings; DI&C Co., Ltd., which specializes in liquid inks; Seda Co., Ltd., which designs and constructs chemical plants and also is involved in chemical trading; and Izen Co., Ltd., which is focused on chemical plant maintenance, design and construction.
Daihan Ink enjoyed an excellent year overall with sales remaining steady. One highlight is its new factory in Vietnam, which began operations in October 2016.
“For Daihan, 2017 was almost the same as previous years,” said Charlie Lee, head of the Overseas Sales Department’s team. “With Daihan Ink’s Vietnam factory, we have wider options to supply inks. Even though we struggled the same as others in the dropping offset ink market, we could maintain sales, and one of the reasons is thanks to our Vietnam factory.”
Lee added that Daihan Ink is now working on new headquarters, which will allow the company to bring its leadership together under one roof.
“We are now building a new factory for coating products, and we are now building a new 10-story building for our Daihan Ink Group company office. When our group companies get together in one building, we will operate one Strategy Leadership Team that can cover the group companies.”
Another highlight was the company’s participation in the UAE printing exhibition, which gave Daihan Ink new customers in Africa.
Raw materials and currency challenges are having an impact on Daihan Ink.
“We are facing two difficulties,” said Lee. “One is raw material price increases, and the other one is the exchange rate. Chinese environment regulations are causing raw material price increases. Meanwhile, for Korea, due to the peaceful mode on the Korean peninsula, the US dollar is getting weaker, but in some other countries on our customers’ side, the US dollar is getting stronger.
“Even though we saw some news that some major ink manufacturers increased their price, we still have a lot of pressure to decrease our price, and we haven’t increased our ink price,” Lee added. “We still try to maintain the same price as before by sacrificing ourselves as last year.”
Daihan Ink’s new plant in Vietnam is key to its growth in the coming years.
“Our target for the coming year is that we are selling in markets that we haven’t been good in, such as Africa and South America,”
Lee observed. “Mostly these markets are lower price ink markets, so we are ready to approach them with our Vietnam ink, which offers good quality and good price. Market competition is getting higher and higher, so even if we can maintain the market, that is good, but we will do more to survive.”