Toyo Ink SC Holdings Co. Ltd., the parent company of the Toyo Ink Group of Japan, has confirmed plans to open a new sales subsidiary in Casablanca, Morocco, in preparation for a full-scale business launch into the African continent. Eyeing the future economic progress of Africa, the company will set up its very first office on the continent, Toyo Ink North Africa S.A.R.L., for the medium- to long-term timeframe, with paid-in capital of EUR 2.4 million.
Toyo Ink North Africa will be engaged in developing business opportunities for a wide range of Group products such as commercial printing inks, liquid (flexo and gravure) inks and adhesives for food packaging and coatings. It will market existing Group products while functioning as a market research hub to help promote products customised to the needs of local markets.
