How the ink industry's largest company got to where it is today, and how its leaders plan to avoid the mistakes that decimated Inmont and others.
David Savastano, Ink World Editor09.02.05
Today, anyone unfamiliar with the printing ink business would have a hard time envisioning Sun Chemical Corporation as anything but the leader of the industry. After all, the company projects its 2000 sales at well over $4 billion, primarily in inks and pigments.
Combined with its parent corporation, Dainippon Ink & Chemicals, Inc. (DIC), which bought Sun Chemical in 1987, the company controls $4 billion of the approximately $12 billion worldwide ink market.
However, the story was quite different in the early 1960s. At that point, the largest printing ink manufacturer was Inmont, and Sun Chemical’s new leadership took aim at the top spot. Considering Sun Chemical’s ink and pigment sales were approximately $25 million then, and Inmont was a $500 million company, there was a lot of ground to make up.
However, Sun Chemical’s leaders came up with a plan of action to make their dreams a reality.
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