HP to Invest $200 Million in Water-Based Ink Technology
October 22 2019 - 12:47PM
Dow Jones News
By Chris Wack
HP Inc. (HPQ) said Tuesday it is making a significant investment
in the next generation of water-based ink solutions, committing
$200 million over five or more years to develop water-based ink
technologies for printing digitally on corrugated packaging and
textiles.
The technology company said its commitment complements its
ongoing investments in other printing technologies and markets
aimed at creating sustainable digital print solutions.
"Investing in water-based solutions that meet market needs and
the increasing sustainability requirements of graphics customers is
expected to propel business growth for HP," said Santi Morera,
general manager and global head of graphics solutions for HP
Inc.
HP said its true water-based inks for corrugated packaging have
already shown up in sensitive applications such as food
packaging.
The company said it believes that investing in water-based ink
solutions for the corrugate and textile printing markets will have
beneficial effects along the entire product lifecycle, from the
people who operate printing systems, for the end users of the
printed product and for the final reuse, recycling, or disposal of
that product.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
October 22, 2019 12:32 ET (16:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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