Toyo Ink SC Holdings Co., Ltd., the parent company of the Toyo Ink Group of Japan, has announced plans to make a foray into the Myanmar market by establishing a production base in the Thilawa Special Economic Zone in Yangon. The company plans to set up a wholly-owned manufacturing subsidiary, Toyo Ink Myanmar Co., Ltd., with an initial paid-in capital of US$6.5 million. The new factory is scheduled to break ground in November this year with commercial operation expected to begin in November 2019.
Initially, the new subsidiary will be engaged in the production of liquid inks for packaging, adhesives for films, and offset inks for the commercial printing market. While monitoring market and regulatory trends, the company plans to expand production capacity and product offerings in due course.
