*NEWS*FIRST VIETNAM INK FACTORY

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*NEWS*FIRST VIETNAM INK FACTORY

 user 2005-11-01 at 9:32:00 am Views: 78
  • #14454

    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.