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SICPA, Samo A.S. form joint venture in Turkey.

The packaging inks business of the SICPA Group and Samo A.S. have formed a joint venture in Turkey, which began trading in October 2004. The new company will be known as SICPA-Samo Baski Murekkepleri Sanayi AS (SICPA-Samo Printing Inks Industry SA).

This joint venture is an important stepping-stone for the new partnership to develop the company's position in Turkey. The joint venture will benefit from the full range of technologies and services of both organizations to support its growth in this rapidly developing region.

Samo A.S is one of the longest established ink manufacturers in Turkey. The SICPA Group was founded in 1927, operates from more than 40 sites with 3,500 employees worldwide and sales to more than 200 countries.

As well as being a global leader in inks and security solutions for bank notes and value documents, it has a leading position in the packaging inks market.

Jak Koen has been appointed CEO of SICPA-Samo Baski Murekkepleri Sanayi AS. The company will operate from SAMO A.S.'s site outside Istanbul.
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Title Annotation:fresh Ink
Publication:Ink World
Date:Jan 1, 2005
Words:175
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