*NEWS*FIRST VIETNAM INK FACTORY

[Anonymous]

First VIET NAM ink factory creates local market
VietNamNet
– The first-ever printing ink factory in Vietnam, Pacific Ink, opened
recently after six months of construction in the Que Vo Industrial
Zone, Bac Ninh Province, producing for the likes of Sacoin and Fujifilm.
Currently in its first phase of production, the US$5mil facility will produce 3,000 tonnes of ink per year, officials said.
Le
Ngoc Quang, Chairman and Director General of Pacific, said that
previously the local market has had to import 90% of its ink supply and
the long-awaited factory will reduce cost and speed service. Pine
resin, the main ingredient in printer’s ink, is abundant in Vietnam and
the factory makes use of a natural resource, he added.
Mr Quang also
revealed that Pacific would cooperate with the Hanoi Polytechnics
University to train students in the factory’s laboratory
Pacific Ink
is the first company in Vietnam to join a newly-formed National
Association of Printing Ink Manufacturers (NAPIM). The company has
signed contracts with the Communist Magazine Printing Company, Sacoin
and Fujifilm.
Though Pacific will announce no prices until the end
of the year, Mr Quang stressed that they would be much lower than those
of imported products. Vietnam currently tops Asia for ink prices; a box
of printing ink for a computer printer sells for rivals Western
prices.  Hewlett-Packard 06F cartridges sell for $54 a box, and the
13A, $65.5 per box.

[Author]

November 1, 2005 at 9:32 AM