Penn Color Explores Expansion Opportunities In Asia
Penn Color, Inc., has announced plans to increase its presence in Asia as part of its strategy to support global customers around the world, and bring Penn Color products to the region.
President Kevin Putman Jr explained: “We are committed to extending our global footprint in Asia. That means investing in the people, products, and technologies that will support the companies driving growth in the Asia Pacific region.”
The move into Asia follows Penn Color’s 2019 expansion in Venray, The Netherlands, which added capabilities with engineering plastics colour and additive masterbatches, as well as high-end specialty coatings. “Our responsiveness is what sets us apart,” said Mr Putman. “In Europe, we invested in our customer’s future, ahead of their needs. The situation is similar in Southeast Asia and China, where we see opportunities to use our unique capabilities to help customers get to market faster.”
The latest plan includes several locations in Asia, with resources and capabilities in sales, marketing, customer support, manufacturing, R&D and product design.
Penn Color is a privately-owned, supplier of colour concentrates and dispersions, with expertise in material science and world class manufacturing capabilities. The company has a diversified portfolio of applications, along with the ability to cross pollinate thermoplastics and inks and coatings technologies and manufacturing processes.
The “Penn Color experience” brings together designers, product managers, scientists, products and technologies to help customers get to market faster with products that stand out in performances and aesthetics.
The company is known in the liquid dairy market for its Pennaholt technology, which provides high opacity, high whiteness masterbatch solutions for maximum shelf life and shelf appeal, with low/no TiO2 content. Pennaholt allows brands to tune in the exact whiteness, oxygen scavenging properties, barrier to light, TiO2 content, and cost-to-produce, so dairy products can be successful in a highly competitive marketplace.
Penn Color’s penneffex line of colour and special effects was formulated for mono- and multi-layer PET packaging to delivers high-end, eye-catching finishes for consumer goods. The line uses special effect pigments to inspire creative and imaginative brand design in products for home care, personal care, food and beverage, and more. Variations including matte, brushed metal, frosted, metallic, luster, and bubbled.
Penn Color provides custom colour masterbatch products for thousands of applications including packaging, building and construction, automotive & architectural coatings, communication, plastic sheets, fibers.
The company also supplies functional additives, which add UV light protection to building & construction materials, light blocking abilities to packaging, light & oxygen barriers to dairy bottles, scratch resistance to surfaces, and many other applications, for customers around the world.