Chuo-ku, Tokyo, Japan 103-8233
Phone: +81 3-5203-7838
Fax: +81 3-3273-7586
Sun Chemical: www.sunchemical.com
Sales: DIC: $4.42 billion (¥502,000 million) in printing ink sales, including Sun Chemical, which has more than $3.5 billion in ink and pigment sales. Total sales: $6.6 billion (¥751,438 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; Yoshiaki Masuda, in charge of general affairs and legal division; Toshio Hasumi, president, Polymers Segment; Hitoshi Wakabayashi, president, Fine Chemicals Segment; Kazunari Sakai, managing director, DIC Asia Pacific Pte Ltd; Hideo Ishii, president, Printing Inks Segment; Masami Hatao, GM, marketing division; Kaoru Ino, in charge of corporate strategy division; and Toshifumi Tamaki, in charge of technical segment.
Number of Employees: Approximately 20,000 worldwide.
Comments: A global company consisting of more than 170 companies, DIC Corporation had a challenging year, in 2016 with sales declining 8.4% to ¥751,438 million ($5.78 billion), although operating income rose by more than 6% to ¥54,182 million ($458 million). The company reported the sales decline was partially the result of the appreciation of the yen against other major currencies, while increased sales of high-value-added products and cost reductions resulted in the better operating income.
The North American, European and People’s Republic of China (PRC) and Southeast Asia economies continued to see moderate recovery.
The Printing Inks segment, including Sun Chemical’s ink operations, was down slightly at ¥374 million ($3.3 billion), with operating income holding stable at ¥18,300 million ($160 million), or nearly 5%.
In Japan, packaging ink sales were strong, but declining demand for publishing inks and news inks and price erosion impacted overall sales. In the Americas and Europe, sales of packaging inks were on the upswing in sales, but once again, publication and news inks continued to slump. DIC reported that sales in Central and South America were strong across the board.
In the People’s Republic of China, prices were decreasing, impacting overall sales, while Southeast Asia and Oceania reported strong sales growth across all ink types.
In Asia, there is a move away from solvent-based packaging inks, primarily gravure, for environmental reasons. To meet the increasing demand for the water-based flexo inks in Asia and Oceania, DIC Corporation made moves to expand production capacity and optimize regional production facilities, notably in Sydney, Australia, doubling its capacity.
In the Fine Chemicals business, which includes pigments, DIC reported that net sales were ¥128 billion ($1.12 billion), with operating income of ¥14.4 billion ($126 million) or 11.3%, an improvement from 2015.
DIC reported increased domestic sales of functional pigments, including pigments for color filters, as well as strong sales in cosmetics in the Americas and Europe. Sales of thin-film transistor liquid crystals also increased.
Sun Chemical, DIC’s subsidiary in the Americas and Europe, made news with a trio of acquisitions and alliances. In March 2017, Sun Chemical formed a joint venture with Alliance Holding Company LTD, the parent company of Ink Products Company, to form Sun Chemical Saudi Arabia Ltd.
In October 2016, Sun Chemical acquired Gwent Electronic Materials Ltd., a UK-based leader in conductive inks, pastes and powders for printed electronics.
In major news, Sun Chemical acquired Flint Group’s European publication gravure ink business in September 2016.
“We are delighted to confirm the acquisition of Flint Group’s Publication Gravure Ink Business, which reaffirms our commitment to this sector, and enables us to further strengthen and enhance the performance of our own publication gravure plants,” said Felipe Mellado, chief marketing officer and board member at Sun Chemical.