Chuo-ku, Tokyo, Japan 103-8233
Phone: +81 3-5203-7838
Fax: +81 3-3273-7586
Sun Chemical: www.sunchemical.com
Sales: DIC: $4.6 billion (¥518,000 million) in graphic arts sales, including Sun Chemical, which has more than $3.5 billion in ink and pigment sales. Total sales: $7.0 billion (¥789.4 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: Kaoru Ino, president and CEO; Masayuki Saito, EVP, CFO and Sun Chemical Corp. chairman of the board; Toshio Hasumi, president, Polymers Business Unit; Kazunari Sakai, GM, Technical Management Unit; Hideo Ishii, president, Printing Inks Business Unit; Masami Hatao, GM, Marketing Management Unit; Kazuo Hatakenaka, president, Fine Chemicals Business Unit; Rudi Lenz, president and CEO, Sun Chemical; Koji Tamigami, president and CEO, DIC Graphics Corporation.
Number of Employees: 20,628.
Comments: DIC Corporation had an excellent year in 2017, with consolidated net sales up 5.1% to ¥789.4 billion, and operating income increasing 4.2% to ¥56.5 billion. The company reported that the positive results were partially driven by higher sales of high-value-added products and cost reduction efforts, which helped offset the impact of rising raw materials prices.
With more than more than 170 companies, DIC Corporation is a market leader in many industries, including printing inks. Including Sun Chemical, its North American/EMEA subsidiary, DIC reported $4.6 billion (¥518,000 million) in graphic arts sales during 2017, up slightly from 2016.
Printing ink sales were ¥383 billion ($3.4 billion) in 2017, with operating income of ¥17.4 billion, or $154 million. In Japan, DIC reported that sales of packaging inks performed well. Overall sales in Japan decreased, driven by lessened demand for publishing inks and news inks.
Sales of inks in North America were flat compared to 2016, with higher shipments of packaging inks overcoming declines on the publication ink side. Meanwhile, sales in Europe were on the rise, as publication and packaging inks held steady. Sales in Central and South America increased due to packaging inks.
In the Asia-Pacific region, sales in the People’s Republic of China (PRC) declined, due to the publication ink side, but the rest of Southeast Asia, as well as India, fared well in both publication and packaging inks.
In the Fine Chemicals segment, which includes pigments, DIC reported that net sales were up 5.7% to ¥135.4 billion ($1.2 billion), with operating income of ¥17.4 billion ($154 million), a gain of 20.3% over 2016. While DIC noted a decline in pigment sales, sales of thin-film transistor (TFT) liquid crystals (LCs) increased substantially.
In important personnel news, Yoshiyuki Nakanishi resigned as president and CEO of DIC, assuming the position of director, chairman of the board. Kaoru Ino, who previously was DIC’s managing executive officer, was named as the new president and CEO. Ino, who joined the company in 1981, was previously responsible for the Corporate Strategy Division.