Hatfield PA, USA - Penn Color Inc., celebrated another milestone in its path to expanding its footprint in Asia with the official Grand Opening ceremony for its new Technology Center in Singapore on January 10th.

"This is an inspiring studio where designers, brand managers, business leaders, process engineers, converters, equipment manufacturers, materials suppliers, and technical experts come together to harness their collective creative power and expertise, says Kevin Putman Jr, President and CEO of Penn Color.

"Thanks to our world-class capabilities and enabling technologies, new product development teams will condense weeks of development into days, and production-ready products will be available faster than ever before, says Putman Jr. "We envisioned a space where development is agile and transparent, with teams working in the best possible conditions to create those moments of illumination, bringing to life unique and differentiated products which stand out from the competition, especially in the fields of packaging and consumer goods.

"With this unique combination of a great customer experience and the expertise of Penn Color in color and functional additives, we aim to foster imaginative and forward-thinking ideas that propel our customers' products into the future," concludes Putman Jr.

The vibrant atmosphere at the grand opening ceremony was palpable - multiple local representatives, customers and partners gathered, all keen to find out what opportunities lay ahead. "At Penn Color, we build the bridge between ambitions and reality," says Phil Riccardi, Penn Color's Commercial Director, APAC. "Amazing things are accomplished when the right mindset brings innovative technology and imaginative people together around a common purpose. At Penn Color, we are reinventing color development."

This sentiment was echoed by several customers, who commented on how the energy brought by the Penn Color team already inspired them for future development.

Set for further growth

Located at the Singapore Science Park (SSP), a lively hub for R&D and technology in Asia that is home to over 350 multinationals, companies, and laboratories, the Singapore Technology Center was designed by DP Design.

DP Design is a company headquartered in Singapore, and involved in the creation of some of Singapore's most recognizable buildings, including Esplanade - Theatres on the Bay, Paragon Shopping Centre, Orchard Central, Yotel Singapore, Resorts World Sentosa and Our Tampines Hub Library, as well as The Dubai Mall in UAE, Emaar Square Mall in Turkey, and Cinemaxx Junior in Indonesia.

The Technology Center, as outlined by Mike Lim, Principal Designer of DP Design, and winner of the Design Excellence Awards 2018/2019 Designer of the Year award, incorporates a laboratory with industrial equipment alongside office areas, in a welcoming and comfortable environment. The site will stimulate and encourage creativity, agility, and transparent collaboration, three essential elements of Penn Color's unique customer experience.

This addition to the company's existing Technology Centers in Hatfield PA, USA, and Venray, The Netherlands, the Singapore Technology Center is a testament to Penn Color's commitment to its strategy for global growth. The new facility is state-of-the-art, and its location in the heart of one of the most dynamic markets in the world provides an ideal platform of operations for Penn Color's global customer base.

With this investment, Penn Color reaffirms its dedication to providing exceptional products and world class services to existing global customers operating in the Asia-Pacific region, as well as bringing its unique value proposition to new customers, further solidifying its position as a global leader in the color & functional additive masterbatch industry.

About Penn Color Inc.

Headquartered in Hatfield PA, USA, Penn Color is a family-owned leading global supplier of colors and functional additives in masterbatches and compounds for thermoplastics, as well as high performance pigment dispersions for inks & coatings. With a diversity of technologies and expertise that is unique in the industry, Penn Color serves applications for consumer goods, building and construction, transportation, and infrastructure industries.

Penn Color has customers in 68 countries and operates multiple sales, R&D and manufacturing sites in the USA, Europe, and Asia.

For further information, please visit: www.penncolor.com.