01.06.12
DIC Corporation announced that wholly owned Singapore-based subsidiary DIC Asia Pacific Pte Ltd reached an agreement with Pacific Inks Limited of New Zealand for the DIC Group to take over all of Pacific Inks’ businesses.
In addition to its mother plant in Auckland, New Zealand, Pacific Inks has plants in Oceania (Sydney, Melbourne and Adelaide, Australia), Asia (Singapore, Malaysia and the People’s Republic of China) and the UK. With a product lineup centered on packaging inks for cardboard, Pacific Inks enjoys a particularly favorable reputation for its environment-friendly water-based flexo inks.
Demand for packaging inks remains firm in developed countries – eflecting rising living standards and the prevalence of individual packaging for many items – and in the Asia–Pacific region is expected to grow by about 10% annually for the foreseeable future. In recent years, DIC has addressed the need to fortify its capabilities in the packaging inks business as a principal strategic theme.
This acquisition will enable DIC to add water-based flexo inks to its portfolio and strengthen its operations, particularly in the Asia–Pacific region, where environmental awareness is increasing rapidly. This, together with Pacific Inks’ proprietary Accubatch system and DIC’s own extensive range and global network, will position DIC to respond effectively to expanding demand for packaging inks.
Thanks to a reinforced product lineup and broad commercial rights, including key major customers, and to the addition of water-based flexo inks to the lineup of products generated by its existing facilities, DIC forecasts this acquisition will add 2.5 billion yen to annual net sales by fiscal 2015. By rationalizing existing facilities and plants newly acquired from Pacific Inks in the Asia–Pacific region, DIC will also strive to further improve production efficiency.
In addition to its mother plant in Auckland, New Zealand, Pacific Inks has plants in Oceania (Sydney, Melbourne and Adelaide, Australia), Asia (Singapore, Malaysia and the People’s Republic of China) and the UK. With a product lineup centered on packaging inks for cardboard, Pacific Inks enjoys a particularly favorable reputation for its environment-friendly water-based flexo inks.
Demand for packaging inks remains firm in developed countries – eflecting rising living standards and the prevalence of individual packaging for many items – and in the Asia–Pacific region is expected to grow by about 10% annually for the foreseeable future. In recent years, DIC has addressed the need to fortify its capabilities in the packaging inks business as a principal strategic theme.
This acquisition will enable DIC to add water-based flexo inks to its portfolio and strengthen its operations, particularly in the Asia–Pacific region, where environmental awareness is increasing rapidly. This, together with Pacific Inks’ proprietary Accubatch system and DIC’s own extensive range and global network, will position DIC to respond effectively to expanding demand for packaging inks.
Thanks to a reinforced product lineup and broad commercial rights, including key major customers, and to the addition of water-based flexo inks to the lineup of products generated by its existing facilities, DIC forecasts this acquisition will add 2.5 billion yen to annual net sales by fiscal 2015. By rationalizing existing facilities and plants newly acquired from Pacific Inks in the Asia–Pacific region, DIC will also strive to further improve production efficiency.