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Jun 20, 2002 12:00 AM
Flint Ink (Ann Arbor, MI) has signed a joint venture agreement to manufacture printing ink in Beijing. The two-part agreement was completed on June 18, and will now be submitted for government approval.
The first part of the agreement creates a joint venture with Graphic-Tech, Flint Ink's product distributor in Hong Kong and China. In the second level of the agreement, Flint Ink-Graphic Tech Holding Company Limited becomes a majority partner with four major Beijing newspapers to establish Flint Ink (Beijing) Printing Ink Company Ltd., and build an ink manufacturing plant there. Participating newspapers are the Beijing Youth Daily, Economic Daily, Workers Daily and Army Daily.
In addition to manufacturing news inks from raw materials, the new plant will serve as a blending center for heatset inks. Pending regulatory approvals, construction on the plant is expected to begin in Q4 2002 in the Daxing Industrial Development Area, Beijing, and scheduled for completion in the Q4 2003.