PARSIPPANY, NJ, U.S.A. - October 21, 2008 - Sun Chemical and its parent company, DIC Corporation, formerly known as Dainippon Ink & Chemicals, have formed a joint venture with Lianyungang Haidi Chemicals, Co. Ltd., a leading high performance pigment manufacturer in China.
“This agreement expands Sun Chemical’s manufacturing capabilities of high performance pigments for our paints, coatings, plastics, and ink customers worldwide,” said Myron Petruch, President, Performance Pigments, Sun Chemical. “It will also enable us to further provide our customers with high performance pigments in Asia.”
The joint venture, which will be renamed Lianyungang DIC Color Co., Ltd., will continue to manufacture high performance pigments and sell them through the worldwide sales network of DIC Corporation and Sun Chemical. The joint venture would eventually lead to an expansion of its product line to a wider range of organic high performance pigments in the future.
About Sun Chemical
Sun Chemical, a member of the DIC group, is the world's largest producer of printing inks and pigments and a leading provider of materials to packaging, publication, coatings, plastics, cosmetics, and other industrial markets. With annual sales over $4 billion, Sun Chemical has 12,000 employees supporting customers around the world. The Sun Chemical Group of companies includes such established names as Coates, Hartmann, Kohl & Madden, and US Ink.
Sun Chemical Corporation is a subsidiary of Sun Chemical Group B.V., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A. For more information, please visit our Web site at www.sunchemical.com.