Japan’s DIC acquires pigment businesses of Indonesia’s Monokem
21 December 2012 16:09 [Source: ICIS news]
LONDON (ICIS)--?xml:namespace>Japanese specialty chemicals firm DIC has acquired the phthalocyanine blue crude and pigments businesses of Indonesia’s Monokem Surya for an undisclosed sum, it said on Friday.
The deal includes commercial rights, inventories and production facilities near Jakarta.
DIC said that the acquisition in Indonesia was part of a move to reduce its reliance on China and India as centers of its organic pigments production.
In recent years, DIC’s plants in China and India experienced rising costs. Also, the two countries had implemented tighter environmental regulations, DIC added.
“The DIC Group, one of the world’s top names in the area of organic pigments, is confident that [the acquisition in Indonesia] will further solidify its production infrastructure for phthalocyanine pigments, thus enhancing the stability of both its printing inks and organic pigments businesses going forward,” it said.By: Stefan Baumgarten+1 713 525 2653
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