Chuo-ku, Tokyo, Japan 103-8233
Phone: +81 3-5203-7838
Fax: +81 3-3273-7586
Sun Chemical: www.sunchemical.com
Sales: DIC: $4.59 billion (¥553,000 million) in printing ink sales, including Sun Chemical, which has more than $3.5 billion in ink and pigment sales. Total sales: $6.83 billion (¥819,999 million).
Major Products: Broad product portfolio with capabilities in web heatset and sheetfed offset; publication and packaging gravure; news ink and publication coldset; flexographic packaging inks; corrugated packaging inks; energy curable inks and coatings; screen inks, toner, inkjet materials, adhesives for packaging, overprint varnishes, specialty coatings, effect inks, security inks and coatings, printing consumables and organic pigments for inks, plastics, paints, coatings and cosmetics.
Key Personnel: Yoshiyuki Nakanishi, president and CEO; Masayuki Saito, senior managing executive and Sun Chemical Corp. chairman of the board; Yoshihisa Kawamura, Yoshiaki Masuda, Yutaka Hashimoto, Akira Konishi, Kazuo Kudo, Toshio Hasumi and Tetsuro Agawa, managing executive officers; Kazunari Sakai, executive officer, general manager, Printing Ink Products Division.
Number of Employees: Approximately 20,000 worldwide.
Comments: DIC Corporation is a global company consisting of more than 170 companies, including Sun Chemical. DIC had a strong year in 2015, with sales of ¥819,999 million ($6.83 billion), and operating income up by nearly 20% to ¥51,068 million ($425.6 million).
“In the period under review, moderate economic recovery persisted in North America and Europe,” said Yoshiyuki Nakanishi, DIC Corporation’s president and CEO. “In Asia, the pace of growth in the People’s Republic of China (PRC) and Southeast Asia decelerated gradually, although a rally was seen in India. Japan’s economy remained on a gentle upswing, despite the fact that production levels were flat. In this environment, consolidated net sales edged down, to ¥820.0 billion. Operating income, at ¥51.1 billion, was up 24.3%, as results benefited from, among others, an improved operating environment and the positive impact of rationalization measures. Ordinary income increased 22.7%, to ¥49.0 billion. Net income rose 48.4%, to ¥37.4 billion.”
The Printing Inks segment, including Sun Chemical’s ink operations, was down slightly at ¥408,300 million ($3.38 billion), although operating income rose to ¥19,200 million ($160 million), or 4.7%.
In Japan, sales of offset, news and gravure inks declined, as did operating income. Packaging ink sales were steady in North America and Europe, while publication ink sales were on the decline on Europe. Still, operating income rose in those two regions. Sales also declined in Asia-Pacific and Oceania, although gravure inks remained a bright spot. Operating income increased significantly in this region as well.
In the Fine Chemicals business, which includes pigments, DIC reported that net sales were ¥145.1 billion ($1.21 billion), an increase of nearly 5%, with operating income of ¥13.7 billion or 9.5%, flat compared to 2014.
According to DIC, pigment sales in Japan rose due to use in color filters and printing inks. In the Americas and Europe, sales of effect pigments and pigments for cosmetics increased.
DIC and Sun Chemical made some significant moves worldwide during the past 12 months. DIC announced that PT.DIC Graphics, DIC’s Jakarta-based wholly owned subsidiary, will build a new blending facility for liquid inks for food and beverage packaging in Surabaya, Indonesia. It was expected to cost approximately ¥600 million, and will nearly double the company’s production capabilities.
In February 2016, Sun Chemical completed the acquisition of the flexo ink business of Colmar Inks Corporation of Ontario, Canada.
In June 2016, Sun Chemical opened a $30 million solvent-based flexible packaging ink manufacturing facility in Aliaa, Izmir, Turkey. The 50,000 square meter site will supply inks to Turkey and the Middle East. Water-based inks will be produced at the present facility in Çigli, Turkey.
Nakanishi anticipates further growth for DIC Corporation in 2016.
“Our quantitative targets for fiscal year 2016 – the first year of DIC108 – include consolidated net sales of ¥870.0 billion, operating income of ¥54.0 billion and net income of ¥25.0 billion,” Nakanishi said.