• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    Energy-Curable Ink Market Continues to Grow

    The 2023 Resin Report

    Arriving Soon: The EU's New Dawn for Industry

    The Inkjet Ink Market in 2023

    The Pigment Market Continues to Grow in 2023
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Video Bites
    Top News
    Weekly Recap: Energy Curable Inks, Toyo Ink, Resins Top This Week’s Stories

    ALTANA Achieves Sales of €3 Billion for First Time in 2022

    Ball Corporation Releases Climate Transition Plan

    Gotham City Online Adds Epson Direct-to-Garment Printers

    Agfa to Showcase Latest Inkjet Innovations at FESPA Munich
    Whitepapers
    Glossary
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    ALTANA Achieves Sales of €3 Billion for First Time in 2022

    Ball Corporation Releases Climate Transition Plan

    Gotham City Online Adds Epson Direct-to-Garment Printers

    Agfa to Showcase Latest Inkjet Innovations at FESPA Munich

    Mimaki Announces Launch of Its First DTF Printer
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    ALTANA Achieves Sales of €3 Billion for First Time in 2022

    RadTech Europe Opens Call for Papers for RTE 2023

    The 2023 Resin Report

    Evonik Delivers Robust Earnings in 2022

    Sun Chemical, DIC Greenhouse Gas Emissions Reduction Targets Validated by SBTi
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    ALTANA Achieves Sales of €3 Billion for First Time in 2022

    RadTech Europe Opens Call for Papers for RTE 2023

    GMG and Sun Chemical Partnering on Digital Color Workflow

    Ross’ Multi-Shaft Mixer Designed for Medium Viscosity and Shear

    Excelitas Technologies Acquires Phoseon Technology
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Hockmeyer Equipment Corp.

    Munzing

    ALVAR Inc. /ALVAR Resins, Inc

    ChromaScape LLC

    Shamrock Technologies, Inc.
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Eastern Coatings Show 2023
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Glossary
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • Podcasts
    • eBook
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Top Companies Report

    DIC Corporation (Including Sun Chemical Corporation)

    With $4.9 billion in graphic arts sales, DIC Corporation, along with its subsidiary Sun Chemical, is the largest ink manufacturer in the world.

    DIC Corporation (Including Sun Chemical Corporation)
    DIC Corporation (Including Sun Chemical Corporation)
    07.21.21
    Chuo-ku, Tokyo, Japan 103-8233
    Tel: +81 3-5203-7838
    DIC: www.dic-global.com/en
    Sun Chemical: www.sunchemical.com

    Sales: DIC: $4.9 billion (¥532,800 million) in graphic arts sales. Total sales: $6.33 billion (¥701.2 billion, including Sun Chemical, which has more than $3.5 billion in ink and pigment sales.)

    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, inkjet materials, adhesives for packaging, overprint varnishes, specialty coatings, effect inks, security inks and coatings, printing consumables, specialty polymers and pigments for inks, plastics, paints, coatings, and cosmetics.

    Key Personnel: Kaoru Ino, president and CEO; Masayuki Saito, CFO and Sun Chemical Corp. chairman of the board; Masami Hatao, president, Color & Display Business Group; Naoyoshi Furata, GM, Production Management Unit; Kazuo Hatakenaka, president, Functional Products Business Group; Kiyotaka Kawashima, GM, Technical Management Unit; Myron Petruch, president and CEO, Sun Chemical; Masamichi Sota, president, Packaging and Graphic Business Group.

    Number of Employees: 20,242 as of December 2020.

    Comments: With more than 170 companies, including Sun Chemical, its North American/EMEA subsidiary, DIC Corporation is the world’s largest ink manufacturer. DIC had a solid year in graphic arts, with sales from its Packaging & Graphic and Color & Display divisions totaling $4.9 billion (¥532.8 billion), which was flat compared to the year before, a good result considering the COVID-19 pandemic.
    Masamichi Sota, president, Packaging & Graphic Business Group, GM, Printing Material Products Division, DIC Corporation, noted that the impact of COVID-19 varied widely by country.

    “While China recovered sharply after Q2, returning to normal after Q3, India and Pakistan were greatly impacted by infections and the lockdown, followed by Indonesia and the Philippines. Conversely, Vietnam and Taiwan saw relatively low impacts,” Sota observed.

    “As infections grew, we were able to constantly supply the market with DIC packaging materials essential for daily living, thanks to the resilience of the robust Asia-Pacific supply chain established through many years of diligence,” added Sota. “I’m proud of DIC’s performance across the board thanks to brilliant management in each country. While demand for packaging materials was relatively unaffected, publishing-related material sales fell sharply, especially for newspaper inks. Although the situation is still unpredictable for some countries, we continue to supply high-quality products to our customers in each country while ensuring the safety of employees.”

    Jim Van Horn, chief administrative officer, general counsel and secretary for Sun Chemical, reported that like most other companies during this time, Sun Chemical has been heavily impacted by COVID-19, not just due to changes in the markets served, but also changes in how the company serves those markets.

    “We believe that businesses continue to search for the right way to serve and drive value to their customers, and keep their employees safe, productive and engaged,” said Van Horn. “Our talented and dedicated employees are working hard, either at our manufacturing plants, our labs, or remotely from their homes to make sure that we continue to provide the quality products and services that customers have come to depend upon from Sun Chemical.”

    DIC and Sun Chemical reported numerous highlights during the past year. DIC obtained biomass certification for gravure inks for general-purpose film surface printing, shrink film and paper, and saw good results in antibacterial varnish for film surface printing for the individual packaging of antibacterial masks.

    “Over the past year, DIC Packaging & Graphic Division made a major shift towards greater sustainability,” Sota noted. “In Japan, DIC has converted most of its gravure ink products to biomass, and widely deployed barrier coating agents that complement the barrier function of mono-material packages and PASLIM – an adhesive with added barrier properties – throughout Asia. In terms of new technology, DIC commenced demonstration experiments such as film de-inking and chemical recycling. In China, DIC introduced water-based gravure inks for flexible packaging.”

    Throughout the past year, Sun Chemical has placed greater emphasis on sustainability, introducing a Corporate Sustainability Committee to further strengthen its approach to addressing the sustainability needs of the packaging industry.

    “Additionally, along with DIC, we’ve introduced what we call ‘the five Rs’ – reuse, reduce, recycle, renew and redesign – as a way to guide a three-pillar approach to our sustainability efforts, each of which contributes to our sustainability initiatives in a unique way,” said Sun Chemical CTO Russ Schwartz.

    “The first pillar is operations,” added Schwartz. “We have several key initiatives in place where we aim to reduce water and energy usage, waste and CO2 emissions in our operational processes and at our manufacturing facilities. The second pillar is products. We’re constantly looking to enable recyclability, bio-renewability and/or compostability within our product offerings while minimizing packaging weight and complexities.”

    For example, Sun Chemical developed SunSpectro SolvaWash GR, a washable gravure ink technology. Designed to allow inks to be removed in a controlled way from post-consumer printed packaging in typical existing mechanical recycling processes without staining the recovered plastic flake or the process wash water, these inks were developed initially for crystallizable PET shrink sleeves that can be recycled together with PET bottles. The washable inks enable increased recovery of high-quality, clean, recycled plastic resin. Energy curable and water-based products are also being developed.

    “Lastly, we prioritize our sustainability efforts through our cross-industry partnerships and collaborations,” Schwartz reported. “These relationships are critical in contributing to sustainability initiatives because they help us understand what the needs and gaps are in becoming more sustainable, especially in certain packaging industries.”

    COVID-19 had a major impact on raw material pricing and availability for ink manufacturers, and DIC and Sun Chemical were no exception.

    “COVID-19 had a significant impact on raw material prices and supplies,” Sota reported. “In addition, due to force majeure such as the wildfires and the cold wave in North America, several major suppliers experienced disrupted distribution networks, increasing logistics costs and spurring delivery delays that tightened raw material supplies and increased prices. Supply shortages continue for some raw materials. DIC and Sun Chemical continue to secure raw materials for stable production utilizing our global purchasing network.”

    Jeffrey Shaw, chief supply chain officer at Sun Chemical, added that COVID-19 has, and continues to have, a significant impact on raw materials both from a pricing and availability standpoint.

    “Higher freight charges and carrier availability have impacted shipping costs for over a year, while raw material availability and pricing continue to require price increases be shared with our customers,” Shaw added. “The impact has been across all technologies and will continue for the foreseeable future.

    “We continue to work closely with our supply chain – and look for alternative raw material sources – to ensure we can continue to provide our customers with materials in a timely manner.”

    DIC Corporation and Sun Chemical leaders report that business is heading toward a new normal, “Business conditions continue to vary by region,” Masaaki Nakagawa, GM, Corporate Communications Department, DIC Corporation, said. “However, as the number of vaccinations increase, we see an overall movement toward normalization.”

    “While the vaccine rollout will eventually lead to a new normal, Sun Chemical continues to take a conservative approach to returning to in-office work and business travel,” Chris Parrilli, president, Sun Chemical North American Inks, noted. “This ensures the ongoing safety of our employees while still allowing us to support our customers. The past year has given rise to creative new ways to collaborate and support our business, which will continue into the future.”

    Overall, Schwartz said that Sun Chemical is well positioned to weather the continued storm of raw material shortages and changing market dynamics as we head toward the second half of the year.

    “We will continue to manage our supply chain to provide on-time, in-full shipments while our technology group will continue to push the boundaries of innovation,” added Schwartz. “By continuing to focus on sustainable solutions, we will help our customers – and their customers – achieve their business goals in 2021 as well as their immediate and longer-term sustainability goals.” 
    Related Searches
    • h.b. fuller
    • océ imagestream 2400
    • coatings
    • pigment
      Loading, Please Wait..
      Trending
      • The Key Ingredients To Ink
      • Weekly Recap: Energy Curable Inks, Toyo Ink, Resins Top This Week’s Stories
      • Toyo Ink Group Acquires Thai Eurocoat
      • HP Shows Jet Fusion 5400 Series, Metal Jet S100 Solution
      • Hubergroup Print Solutions Presents Metal Packaging Portfolio At METPACK
      Breaking News
      • Weekly Recap: Energy Curable Inks, Toyo Ink, Resins Top This Week’s Stories
      • ALTANA Achieves Sales of €3 Billion for First Time in 2022
      • Ball Corporation Releases Climate Transition Plan
      • Gotham City Online Adds Epson Direct-to-Garment Printers
      • Agfa to Showcase Latest Inkjet Innovations at FESPA Munich
      View Breaking News >
      CURRENT ISSUE

      January 2023

      • The Pigment Market Continues to Grow in 2023
      • The Inkjet Ink Market in 2023
      • Sustainability and Raw Materials
      • TSCA and the Ink Industry
      • The 2023 Equipment Report
      • Mike Oberski Receives NAPIM’s TAM Service Award
      • Developments and Clarifications in EU Food Contact Regulations
      • Specialty Inks are Nocopi Technologies’ Forte
      • View More >

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      'What’s Up With Supps' Event at Expo West Raises Over $8,000 for Vitamin Angels
      IRI and NPD Rebrand as Circana Following Merger
      ABC’s Sustainable Herbs Program Updates Sustainability and Regenerative Practices Toolkit
      Coatings World

      Latest Breaking News From Coatings World

      Miller Paint Partners with Portland Boutique Woonwinkel for 2023 Spring Color Trends
      ALTANA Reports Sales of €3 Billion for First Time in 2022
      Dunn-Edwards Launches New Dead Flat Ceiling Paint
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      MPO's Most-Read Stories This Week—March 18
      Schurter Launches 5121 Filtered Appliance Inlet
      Suzanne Foster Joins Perimeter Medical Imaging AI Board
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Enzo Biochem Sells Clinical Laboratory to Labcorp
      53Biologics Expands its State-of-the-art Facilities
      Grand River Aseptic Manufacturing Receives Zero Observations from FDA Inspection
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Soapbox Launches New Moisturizing Hand Soaps at Walmart Stores
      Revlon Plans to Emerge from Chapter 11 Bankruptcy in April 2023
      Dial Unveils New and Improved Body Washes
      Happi

      Latest Breaking News From Happi

      Red Carpet Looks at the Academy Awards and Apollo Buys Univar
      Laneige Launches Hydration Deep Dive Campaign Featuring Actress Sydney Sweeney
      Panama Jack Launches Tropical-Inspired Lines of Fragrances, Essential Oil and Body Mist
      Ink World

      Latest Breaking News From Ink World

      Weekly Recap: Energy Curable Inks, Toyo Ink, Resins Top This Week’s Stories
      ALTANA Achieves Sales of €3 Billion for First Time in 2022
      Ball Corporation Releases Climate Transition Plan
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      UPM Raflatac analyzes supply chain, TLMI hosts Converter Meeting and more
      Education sessions announced for Dscoop Edge St. Louis World Expo
      ALTANA reports record sales in 2022
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Weekly Recap: TerraCycle Launches Diaper Program, Ahlstrom to Divest or Shutter Stenay Plant & More
      Mativ Names CFO
      Indorama Ventures, Polymateria Partner on Biotransformation Technology
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      ODT's Most-Read Stories This Week—March 18
      Accelus' Remi Robotic Navigation OK'ed for GE OEC 9900 C-Arm
      AAOS News: Annunziato (Ned) Amendola Named Second Vice-President
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Weekly Recap: LOPEC 2023 Slideshow, Dracula Technologies Top This Week’s Stories
      ALTANA Achieves Sales of €3B for First Time in 2022
      MClimate Releases Maintenance-Free Wireless Thermostat

      Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login