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dic corp (4631) Details

DIC Corporation operates as a fine chemicals company worldwide. The company operates in four segments: Printing Inks & Supplies, Neo-Graphic Arts Materials, Synthetic Resins, and Chemical Solution Materials. It manufactures printing inks, such as offset inks, gravure inks, flexo inks, can coatings, newspaper inks, and packaging adhesives; and presensitized plates, printing supplies, and printing-related equipment. The company also offers fine chemicals, including organic pigments for printing inks, color filters, and coatings and plastics; and thin-film transistor liquid crystals (LCs), supertwisted nematic LCs, alkylphenols, metal carboxylates, and sulphur chemicals, as well as liquid compounds consisting of ultraviolet-curable coatings and bonding adhesives, jet inks, and wood finishes. In addition, it provides general and specialty polymers comprising synthetic resins for inks and coatings; molded products; and adhesives and textiles, which include polyurethane, epoxy, polystyrene, unsaturated polyester, acrylic, phenolic and alkyd resins, and plasticizers, as well as papermaking chemicals. Further, the company offers solid compounds, such as plastic colorants, polyphenylene sulfide compounds, high-performance optical materials, high-performance compounds, coextruded multilayer films, and toners; and processed products consisting of decorative boards, interior housing products, industrial adhesive tapes, labels, stickers, label stock for printing, specialty magnetic foils, plastic pallets, containers, hollow-fiber membranes, modules, bathtubs and bath units, synthetic marbles, and sheet molding compounds. Additionally, it engages in real estate brokerage activities. The company was formerly known as Dainippon Ink and Chemicals, Incorporated and changed its name to DIC Corporation in April 2008. DIC Corporation was founded in 1908 and is headquartered in Tokyo, Japan.

Founded in 1908

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dic corp (4631) Key Developments

DIC Corporation Reports Consolidated Earnings Results for the Six Months Ended June 30, 2014; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2014

DIC Corporation reported consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported net sales of JPY 408,385 million against JPY 384,955 million a year ago. Operating income was JPY 19,807 million against JPY 22,781 million a year ago. Ordinary income was JPY 18,371 million against JPY 20,659 million a year ago. Net income was JPY 10,319 million or JPY 11.23 per basic share against JPY 10,682 million or JPY 11.66 per basic share a year ago. Income before income taxes and minority interests was JPY 14,931 million against JPY 16,905 million a year ago. Net cash used in operating activities was JPY 3,915 million against JPY 5,528 million a year ago. Purchase of property, plant and equipment was JPY 14,490 million against JPY 15,215 million a year ago. Purchase of intangible assets was JPY 772 million against JPY 1,293 million a year ago. The company provided consolidated earnings guidance for the year ending December 31, 2014. For the year, the company expects net sales of JPY 850,000 million, operating income of JPY 50,000 million, ordinary income of JPY 46,000 million, net income of JPY 24,500 million or JPY 26.04 per basic share.

DIC Corporation Plans to Build PPS Compounds Plant in Zhangjiagang, China

DIC Corporation announced plans to build a polyphenylene sulfide, or PPS, compounds plant in the People's Republic of China, or PRC, in the city of Zhangjiagang, Jiangsu Province. The new plant, total investment in which will be approximately RMB 77.3 million, will be located within the site occupied by wholly owned subsidiary DIC Zhangjiagang Chemicals Co. Ltd., which produces synthetic resins, among others. Annual production capacity will be 6,000 tons. Construction is expected to begin as soon as official building permits are secured, and to be completed by the end of 2015. New PPS compounds plant in Zhangjiagang will also deploy a production control system that enables integrated computerized control of production lines and monitoring processes, helping to improve the safety and precision of production activities, as well as to increase efficiency and yield rates. This system is already in use at company PPS compounds plant in Austria. The company expects the system's deployment at the new plant to facilitate achievement of an operating rate in excess of 60% before the end of 2016, the first full year after the facility's completion. Additionally, in July 2014 the company will open a new technical center in Shanghai, a move aimed at reinforcing company after-sales service configuration in the PRC. The center will provide broad-based customer support, including in such areas as the fabrication of metal molds and the molding of PPS compounds, helping company to build strong bonds of trust with customers and expand sales in the local market, as well as to create a solid and more globally focused operating foundation.

DIC Corporation to Report First Half, 2014 Results on Aug 07, 2014

DIC Corporation announced that they will report first half, 2014 results on Aug 07, 2014


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