INKBANK GROUP INC.

brand-profile-thumb

Company Headquarters

Building C& F, He Jing Industry Park, He Ping Community, Fu Yong Street, Bao An District, Shenzhen, China

Driving Directions

Brand Description

Specialised in Research & Development and production of inkjet inks for nearly 20 years.

18000+ Tons — Annual production capacity of over 18000 tons

100+Countries — The products sell well both at home and abroad in more than 100 countries and regions

50 Patents — INKBANK has obtained nearly 50 patents, including more than 30 invention patents

30000㎡ — Research & Development High-Temperature base

Key Personnel

NAME
JOB TITLE
  • Simon Wang
    Chairman
  • Frank Ming
    Senior Scientist

Yearly results

Sales: 100 Million

Major Products: DTF Ink, DTG Ink, Sublimation Ink, Pigment Ink, Reactive Ink, Disperse Ink, Acid Ink UV ink for Graphic; UV Ink for label digital printing; UV Ink for industrial digital printing.

Comments: INKBANK is a leading provider of digital inkjet ink and ink solutions, and 2024 brought another year of growth.

“In 2024, INKBANK experienced robust growth in both production volume and overall performance,” said an INKBANK spokesperson. “Our annual sales reached approximately USD $100 million (based on an exchange rate of 7.2), continuing our steady upward trajectory for consecutive years and further strengthening our leading position in the DTF pigment ink segment.

“On the R&D front, we were granted multiple new patents, bringing our total to nearly 50 patents, more than 30 of which are invention patents,” the spokesperson added. “In terms of global market development, we actively participated in international industry expos, expanding our presence worldwide. By delivering high-quality products and services, we continued to increase our global market share.”

INKBANK enjoyed some impressive highlights during the past year. In 2024, INKBANK once again received the EPSON Excellent Technical Partner Award for its wide range of ink products highly compatible with EPSON printheads. This year, the company also took the lead in launching several cutting-edge
application solutions:

• Textile Digital Printing: INKBANK developed high-fastness sublimation inks that passed AATCC standards, breaking through limitations of traditional processes. Its new sublimation inks for non-coating and lightweight paper offer better adaptability for low-carbon, lightweight applications. INKBANK also introduced the Sublimation Digital Foil Printing Solution that combines sublimation with metallic effects, adding new possibilities for high-end printing.

• Label & Decoration Digital Printing: For label and decorative applications, INKBANK rolled out enhanced UV ink solutions tailored to customized label printing, and a UV texture ink capable of printing up to 3mm thick for highly tactile, compatible decorative art prints.

• Electronic Circuits Digital Printing: INKBANK’s inkjet solution for PCB character printing has achieved commercial success, reflecting its strong technical capabilities and market insight.

As far as significant capital improvements, INKBANK successfully completed the main construction for the INKBANK Zhuhai Science and Technology Park in 2024. This high-tech facility integrates automated production, standardized quality control, smart logistics, and low-carbon, energy-efficient systems. Once fully operational, INKBANK’s annual ink production capacity will reach 40,000 tons.

INKBANK’s core growth areas currently include digital innovation in packaging and labels, where INKBANK offers eco-friendly, cost-effective digital inkjet solutions that meet green printing demands while reducing costs, as well as diversification of label applications.

“We develop enhanced label solutions such as digital foil printing and varnish solutions, as well as innovative options like invisible security inks and barcode anti-counterfeiting inks, driving smart upgrades in the label industry,” INKBANK’s spokesperson said. “These growth areas are driven by technological advances and align with global sustainability trends, positioning them as key drivers for breakthroughs in industrial printing.”

As for possible tariff changes, INKBANK is approaching potential tariff changes with an open and proactive mindset, shifting from a passive response to strategic planning.

“We aim to turn challenges into opportunities by reshaping our global strategy,” INKBANK’s spokesperson said. “In the short term, we focus on adjusting our cost control, compliance strategy, innovation-driven strategy, market diversification, and supply chain restructuring—accelerating the shift toward a greener, smarter supply chain and unlocking new
growth potential.”

Meanwhile, INKBANK will look to continue its growth worldwide.

“For the rest of 2025, INKBANK will continuously showcase its advanced digital inkjet application solutions at major industry exhibitions in key cities worldwide,” INKBANK’s spokesperson concluded. “These events will help us strengthen global market reach, deepen technical exchange, and enhance our international brand presence. We also aim to stay ahead of industry trends and drive the innovation and commercialization of inkjet technology across more application fields.”

Sales: 82 Million

Major Products: DTF Ink, DTG Ink, Sublimation Ink, Pigment Ink, Reactive Ink, Disperse Ink, Acid Ink UV ink for Graphic; UV Ink for label digital printing; UV Ink for Industrial digital printing.

Comments: It was an excellent year for INKBANK, a leading provider of digital inkjet ink and ink solutions. In 2023, the production and sales of digital inkjet ink of the INKBANK Group reached a record high, and the revenue and net profit continued to grow. Among them, the DTF digital printing ink and industrial UV inkjet inks recognized by the domestic and foreign markets have maintained a strong growth momentum.

“The textile digital printing industry contributed the biggest growth for us,” said an INKBANK spokesperson. “In the digital printing industry, electronic circuit board printing and other industrial fields, our new product research and development and application process research results are remarkable, laying the foundation for the future digital printing transformation in this field.”

In a major move, in August 2023, INKBANK Shanghai Branch was established to provide more convenient and quality service for customers in East China.

In addition, the 350 million CNY ($48 million) Zhuhai Science and Technology Park ink library project broke ground in September 2023. After the intelligent factory is completed and put into operation in 2025, the production capacity can reach 40,000 tons, which will provide more professional inkjet ink products and services in more subdivided fields for customers at home and abroad.

In the future, INKBANK will continue to increase the development and innovation of digital inkjet technology, ink products and provide cost-effective product solutions for various industries to realize digital inkjet printing. Adhering to the requirements of environmental health and safety, INKBANK received the letter of approval (version 6.0/7.0) to become GOTS Additive supplier.

INKBANK earned numerous honors in the past year, becoming a member of “The Top 500 Manufacturing Enterprises in Guangdong Province in 2023” and Epson’s “FY23 Outstanding Strategic Partner Award.”

INKBANK’s spokesperson noted that it is expected that raw materials will still hover at a low-price level in 2024, and the company’s domestic sales business and export trade business will continue to maintain a steady growth trend, including sublimation disperse Ink, DTF Digital Printing Ink, UV ink, and textile digital printing inks of reactive Ink, pigment Ink, dispersing ink and acid ink.

“In the future, INKBANK will continue to focus on the research and development of digital inkjet ink products and application development, continue to increase the introduction of talent for material research and application technology process development, and form systematic product solutions to provide more possibilities for the wide application of digital inkjet,” the spokesperson concluded.

Sales: 77 Million

Major Products: Water-based pigment Ink for DTF, DTG, and roll-to-roll textile; UV ink for graphic arts and label; dye sublimation ink for textile.

Comments: INKBANK is one of the leading providers of ink and inkjet solutions. Research and development is at the forefront of INKBANK, as it continues what it has been doing for the past 20 years: manufacturing quality inkjet inks.

INKBANK’s products are well-received in more than 100 countries and regions worldwide, and the company maintains a prominent market share, making INKBANK one of the largest digital inkjet ink suppliers in China.

In the future, INKBANK will continue to provide high-quality product solutions and comprehensive technical services, and will strive to innovate and lead the development of the modern digital printing industry through advanced technology applications.

In 2022, INKBANK experienced steady growth, particularly in the domestic market, where ink sales reached unprecedented levels.

“Our overseas market also flourished, with a remarkable increase of over 70% in export orders compared to the same period the previous year,” an INKBANK spokesperson noted. “As we continue to expand, we’ve set our sights on going public, and have already initiated our IPO declaration. We have high expectations for the future and will work towards reaching our full potential.

“Overall, various industries have shown an upward trend this year, including sectors closely related to people’s daily lives such as the textile and packaging industries. In the industrial inkjet field, new digital printing opportunities are emerging including the corrugated paper, labels, and books/magazines industries.”

R&D is crucial for INKBANK.

“Regarding our products, we have continuously increased our investment in research and development to enhance product quality,” the spokesperson said. “As of now, the company has obtained nearly 40 patents, including over 20 invention patents, with an annual production capacity of over 18,000 tons. We have been recognized as a national-level specialized and innovative ‘Small Giant enterprise and have received the EPSON Annual Excellent Strategic Partnership Award for the past three consecutive years.”

The spokesperson noted that raw material supply has generally stabilized, thanks to close communication with major raw material suppliers and INKBANK’s own positive business growth trajectory.

INKBANK sees many opportunities ahead for 2023 and beyond.

“With the development of industrial inkjet technology, digital printing equipment, and ink innovations, we anticipate a diversified application of industrial inkjet in various sectors such as home decoration, transportation, clothing, and other textile fields,” the spokesperson concluded. “These developments are worth looking forward to.”

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