Read later Toyo Ink Group targets economic progress in Africa with sales office in Morocco By Staff writerIndustry UpdatesToyo Ink SC Holdings, the parent company of Toyo Ink Group of Japan, is 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, for the medium- to long-term timeframe, with paid-in capital of €2.4 million EUR ($2.7 million USD). It will market existing group products while functioning as a market research hub to help promote products customized to the unique needs of local markets. Katsumi Kitagawa, CEO at Toyo Ink Group, said: ‘Following China and India, the African continent is believed to be one of the future growth engines of the global economy. Up until now, the Toyo Ink Group had been developing its business in the region by way of our existing operating bases.

Source: The North Africa Journal March 22, 2019 15:11 UTC