Sun Chemical Forms Joint Venture in China
October 23, 2008
PARSIPPANY, NJ − Sun Chemical and its parent company, DIC Corp., formerly known as Dainippon Ink & Chemicals, have formed a joint venture with Lianyungang Haidi Chemicals Co. Ltd., a 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 Corp. and Sun Chemical. It will expand the product line to a wider range of organic high-performance pigments in the future.