Integrated Report 2026 artience Strengths: Global Expansion into Growth Regions
Published on June 30, 2026
This page has been translated using AI.
TOYO INK (THAILAND) CO., LTD.
Market Environment and Competitive Advantage
Matsuoka: Thailand's current economic situation is not necessarily favorable compared to other ASEAN regions. However, among all these efforts, Thailand is known as the "kitchen of the world" as a major hub for food processing, and the processed food products produced here are exported worldwide. The food can market in the Asia-Pacific region is expected to grow by about 40% compared to 2020 by 2026, and the food packaging-related market is also performing well. Our product areas are also expanding, including liquid inks and laminating adhesives for flexible packaging, and can coatings for food cans.
Pete: I am currently in charge of SCM, but before that, I had extensive sales experience. What I felt was that since our founding, our company has a long history centered on packaging materials, and we have established a highly trusted brand in Thailand.
Nam Chip: Yes, I feel the same way. In Thailand and the ASEAN market, Japanese products and technologies are recognized as trustworthy "Japan brands," and that sense of security is a major strength.
In addition to Peet's advanced and stable quality, above all, we feel that our customer-centric attitude of providing meticulous customer service has been inherited as part of our DNA and is our strength.
Namchip: Furthermore, in addition to our product design capabilities to realize advanced products, we feel that our family-like network, where group companies in each region support each other while expanding our business in ASEAN countries, underpins our competitive edge.
TEC, which became a subsidiary through M& A in 2023, had a particular strength in its 'plain can' can coatings, which does not print product designs on the surface of the can. Plain cans are low-cost, and since paper labels are applied in the final stage, flexible product development is possible. Demand in overseas markets is high, and the company has strong competitiveness in this field. On the other hand, has strengths in high-performance, high value-added printing cans, and by joining forces, the two companies have achieved business complementarity and established the No.1 market share in Thailand. Today, we have established a system capable of handling both printed and plain cans, and by merging with our main competitor, our market coverage has been further strengthened.
Matsuoka: Since then, operating profit has steadily increased, which we consider a sign of synergy. Additionally, there are significant advantages in raw material procurement and technology development, enabling customers to propose what they need in a one-stop manner. At the core of these various synergistic effects is "human connection." One of the most important challenges in M&A is to smoothly integrate employees from both companies, and we have worked with consideration and respect to integrate TEC employees. I am very happy that everyone has become a new family in a comfortable way. I believe this is one of the manifestations of the group's management philosophy of 'People-oriented management.'
Additionally, at a global conference hosted by TOYOCHEM Inc., which oversees the group's polymer and coatings-related businesses, new know-how and product information gained from this M&A are being shared, aiming to contribute to enhancing the group's presence not only in the ASEAN region but also in the global packaging business.
Expansion of can coatings Business through M&A
Value Creation Stories in Thailand
artience group Matsuoka aims not only to achieve high profits as part of its own value creation, but also to realize a a future where all people can live enriched lives and a sustainable society and maximize corporate value through the creation of strategic priority business groups and the transformation of its management foundation. also owns liquid ink, can coatings, laminating adhesives, and pressure sensitive adhesives, which the group positions as growth businesses, and we are strengthening each business through proactive investments to pursue sustainable growth.
artience group is a strategy for companies within ASEAN to collaborate, share their strengths within the region, and achieve global business growth based on the concept of 'best fit for the right people.' also wants to leverage its strengths to contribute to business growth within the region.
For Nam chip companies to survive, it is necessary to continue product development and take on new initiatives to stay ahead of the market. As a means to achieve this, continuous change—including M&A—is essential for value creation. We believe that solving customer challenges through research and development and product development, and providing safety, quality, and ease of use, is aligned with the group's commitment to "value that resonates with the senses."
Our strength lies in building good trust with Pete customers and being able to offer a variety of services. However, beyond that, simply moving beyond the framework of making good products, I believe that continuously thinking and exploring how to contribute more to customers and provide a wide range of solutions creates value.
Matsuoka celebrates its 55th anniversary this year. The steady growth we have made is the result of successive expatriates and local employees working hand in hand to tackle customer challenges and build a solid organization. Now, we have achieved true globalization and become a strong company where local employees take on significant responsibilities.
While cherishing and inheriting the sincere and steady efforts and ingenuity of our predecessors, we are also unafraid to adapt to the changing times and continue to change where necessary. By growing together with new colleagues and collaborating with other Group Companies in the ASEAN region to take on innovation, we will contribute to creating value for artience group.
Share
