Sun Chemical, Dainippon in pigments JV

04 February 2008 08:31  [Source: ICIS news]

MUMBAI (ICIS news)--US-based Sun Chemical along with parent firm Japan's Dainippon Ink and Chemicals (DIC) have formed a majority-owned joint venture with China’s Nantong Shanjing Metallic Pigments to expand its product portfolio and strengthen its performance in the Asia-Pacific, financial adviser for the transaction Business Development Asia (BDA) said on Monday.

No financial details were disclosed.

"Our objective is to be able to offer our customers the widest range of effect materials and deliver them at the highest level of reliability in our industry," said Brian Leen, general manager and corporate vice president of performance pigments group Sun Chemical.

Nantong Shanjing, which has a manufacturing plant in Nantong, Jiangsu province, and a research and development and sales office in Shanghai, specialises in the production and sale of aluminum pigments and pastes used in industrial and commercial products.

By: Aaron Rodrigues
+65 6780 4359

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