The company will set up its first office on the continent, Toyo Ink North Africa for the medium to long-term timeframe, with paid-in capital of EUR 2.4 million. Growing economy“Following China and India, the African continent is believed to be one of the future growth engines of the global economy,​” said Katsumi Kitagawa, Group CEO, Toyo Ink Group. “Up until now, Toyo Ink Group had been developing its business in the region by way of our existing operating bases. It will market existing Group products while functioning as a market research hub to promote products customized to the needs of the local market. The subsidiary will focus on expanding sales and development of ink products and increase sales of the Group’s chemical businesses.

Source: The North Africa Journal March 25, 2019 10:07 UTC