21 December 2012
Details
PT DIC Graphics of Jakarta,
a wholly-owned printing inks
manufacturing and sale company of
DIC Corporation, Japan,
acquired the phthalocyanine blue crude
and pigments business of
Indonesian firm PT. Monokem Surya
The acquisition includes
- all related commercial rights,
- inventories and
- production facilities.
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About PT Monokem Surya
- PT Monokem Surya is renowded for its
phthalocyanine pigments with a plant
in an industrial park of Karawang,
about 60 kilometers east of Jakarta, Indonesia.
- PT Monokem Surya has more than 300 employees
and has global reputation as
a Southeast Asia-based producer of
phthalocyanine pigments and
raw material (phthalocyanine crude).
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Reasons for acquisition
- Production of organic pigments has centered on
China and India attracting producers by
offering low production costs and
robust supply chains
from raw materials to finished products.
- In recent years, Production cost increase combined with
tighter environmental regulations have affected
production in both countries
- To further expand global business,
DIC recognizes that
lowering dependence on China and India,
thereby reducing business risk,
is essential to stable growth
- Then DIC took decision to acquire PT Monokem Surya.
Benefit to DIC Group
- The acquisition will further solidify production infrastructure
of phthalocyanine pigments, thus enhancing
the stability of both printing inks and
organic pigments businesses.
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