Sun Chemical Expands Pigment Manufacturing Capabilities through Joint Venture
Press release from the issuing company
PARSIPPANY, N.J., USA − 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.
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