Dave Savastano, Editor07.31.15
DIC Corporation
7-20 Nihonbashi 3-chome
Chuo-ku, Tokyo, Japan 103-8233
Phone: +81 3-5203-7838
Fax: +81 3-3273-7586
Web: DIC: www.dic-global.com/en
Sun Chemical: www.sunchemical.com
Sales: DIC: $3.47 billion (¥415,700 million) in printing ink sales, including Sun Chemical, which has more than $3.5 billion in ink and pigment sales. Total sales: $6.92 billion (¥830,100 billion).
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 part of the DIC Group, a global company consisting of more than 170 companies, including Sun Chemical. DIC had an excellent year overall, with sales of ¥830,078 million ($6.92 billion), up 5.9%, and operating income of ¥41,076 million ($342.3 million).
“In fiscal year 2014, ended Dec. 31, 2014, the trend toward economic recovery in North America and Europe clarified,” said Yoshiyuki Nakanishi, DIC Corporation’s president and CEO. “While instability lingered in Asia, reflecting, among others, slowing growth in the People’s Republic of China (PRC) and Southeast Asia, signs of a revival in demand were seen in India through the second half. In Japan, demand remained weak, underscored by such factors as a protracted negative rebound in consumer demand following the sharp spike that preceded the consumption tax increase in April 2014.
“In this environment, consolidated net sales advanced 5.9% from fiscal year 2013, to ¥830.1 billion, as results benefited from the positive impact of higher shipments and the depreciation of the yen,” Nakanishi added. “Operating income, at ¥41.1 billion, was down 6.9%, owing to a number of factors, including an increase in raw materials prices.”
The Printing Inks segment, including Sun Chemical’s ink operations, had a strong showing, with sales rising 11.3% to ¥415,700 million ($3.47 billion), although operating income declined to ¥17,300 million ($144 million).
First, the bad news. DIC Corporation’s domestic ink sales declined 5.1% to ¥ 81.5 billion ($680 million), and operating income sank by 29.6% to ¥3.8 billion ($32 million). Gravure ink sales were steady, but sales of offset inks and news inks decreased significantly. Higher raw material costs were a key driver in the decline in operating income.
The news was much better in the Americas and Europe. Net sales of printing inks was ¥282 billion ($2.35 billion), up 10.6%, while operating income was ¥9.9 billion ($82.5 million,) an increase of 20.8%. Packaging inks held steady in Europe and North America, although publication and news ink sales were soft. Central and South America reported growth across all product lines.
Results were mixed in Asia and Oceania. Net sales in the Asia and Oceania region rose 3.8% to ¥70.7 billion ($590 million), but operating income fell by 32.5% to ¥3.6 billion ($30 million). Gravure inks sales drove the overall growth, with offset and news inks falling.
Southeast Asia and India provided the best growth for DIC. High raw materials prices and rising costs were cited as the main reasons for the declining operating income.
In the Fine Chemicals business, which includes pigments, DIC reported that net sales were ¥138.3 billion ($1.15 billion), an increase of 8.3%, with operating income of ¥13.8 billion, or $115 million, up 9.8%. In particular, growth in sales was seen in plastics, cosmetics and effect pigments.
Sun Chemical made a few important moves around the globe in the past year, most notably with the acquisition of the remaining shares of its 2012 South Eastern European joint venture with the Druckfarben Hellas Group.
The publication divisions of both companies were merged into five subsidiaries with combined sales of $30 million: Sun Chemical Publication Bulgaria, Sun Chemical Croatia, Sun Chemical Publication Greece, Sun Chemical Publication Romania and Sun Chemical Publication Serbia.
In Latin America, Sun Chemical opened six color centers: San Salvador, El Salvador; Mexico City, Mexico; Cali, Colombia; Lima Peru; São Paulo, Brazil; and Santiago, Chile. The color centers will help customers develop a digitally color managed workflow.
7-20 Nihonbashi 3-chome
Chuo-ku, Tokyo, Japan 103-8233
Phone: +81 3-5203-7838
Fax: +81 3-3273-7586
Web: DIC: www.dic-global.com/en
Sun Chemical: www.sunchemical.com
Sales: DIC: $3.47 billion (¥415,700 million) in printing ink sales, including Sun Chemical, which has more than $3.5 billion in ink and pigment sales. Total sales: $6.92 billion (¥830,100 billion).
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 part of the DIC Group, a global company consisting of more than 170 companies, including Sun Chemical. DIC had an excellent year overall, with sales of ¥830,078 million ($6.92 billion), up 5.9%, and operating income of ¥41,076 million ($342.3 million).
“In fiscal year 2014, ended Dec. 31, 2014, the trend toward economic recovery in North America and Europe clarified,” said Yoshiyuki Nakanishi, DIC Corporation’s president and CEO. “While instability lingered in Asia, reflecting, among others, slowing growth in the People’s Republic of China (PRC) and Southeast Asia, signs of a revival in demand were seen in India through the second half. In Japan, demand remained weak, underscored by such factors as a protracted negative rebound in consumer demand following the sharp spike that preceded the consumption tax increase in April 2014.
“In this environment, consolidated net sales advanced 5.9% from fiscal year 2013, to ¥830.1 billion, as results benefited from the positive impact of higher shipments and the depreciation of the yen,” Nakanishi added. “Operating income, at ¥41.1 billion, was down 6.9%, owing to a number of factors, including an increase in raw materials prices.”
The Printing Inks segment, including Sun Chemical’s ink operations, had a strong showing, with sales rising 11.3% to ¥415,700 million ($3.47 billion), although operating income declined to ¥17,300 million ($144 million).
First, the bad news. DIC Corporation’s domestic ink sales declined 5.1% to ¥ 81.5 billion ($680 million), and operating income sank by 29.6% to ¥3.8 billion ($32 million). Gravure ink sales were steady, but sales of offset inks and news inks decreased significantly. Higher raw material costs were a key driver in the decline in operating income.
The news was much better in the Americas and Europe. Net sales of printing inks was ¥282 billion ($2.35 billion), up 10.6%, while operating income was ¥9.9 billion ($82.5 million,) an increase of 20.8%. Packaging inks held steady in Europe and North America, although publication and news ink sales were soft. Central and South America reported growth across all product lines.
Results were mixed in Asia and Oceania. Net sales in the Asia and Oceania region rose 3.8% to ¥70.7 billion ($590 million), but operating income fell by 32.5% to ¥3.6 billion ($30 million). Gravure inks sales drove the overall growth, with offset and news inks falling.
Southeast Asia and India provided the best growth for DIC. High raw materials prices and rising costs were cited as the main reasons for the declining operating income.
In the Fine Chemicals business, which includes pigments, DIC reported that net sales were ¥138.3 billion ($1.15 billion), an increase of 8.3%, with operating income of ¥13.8 billion, or $115 million, up 9.8%. In particular, growth in sales was seen in plastics, cosmetics and effect pigments.
Sun Chemical made a few important moves around the globe in the past year, most notably with the acquisition of the remaining shares of its 2012 South Eastern European joint venture with the Druckfarben Hellas Group.
The publication divisions of both companies were merged into five subsidiaries with combined sales of $30 million: Sun Chemical Publication Bulgaria, Sun Chemical Croatia, Sun Chemical Publication Greece, Sun Chemical Publication Romania and Sun Chemical Publication Serbia.
In Latin America, Sun Chemical opened six color centers: San Salvador, El Salvador; Mexico City, Mexico; Cali, Colombia; Lima Peru; São Paulo, Brazil; and Santiago, Chile. The color centers will help customers develop a digitally color managed workflow.
