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DIC Corporation

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DIC Corporation - Food & Beverages showcase

Year Founded & Workforce

1908

22,474 Employees

Industry

Food & Beverages

Services

Global Microalgae MarketOrganic Pigments
D

DIC Corporation Employee Contacts

33 verified contactsNames, job titles, seniority and locations

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DIC Corporation Overview

Company Headquarters: Japan

Founded: 1908

Workforce: ~ 22,474

Company Working: DIC Corporation is a Japan-based company engaged in the manufacture and sale of printing inks, organic pigments and synthetic resins. The Company operates in five segments. The Printing Ink segment is engaged in the manufacture and sale of gravure ink, offset ink and newspaper ink. The Fine Chemicals segment is engaged in the manufacture and sale of organic pigments and liquid crystal materials. The Polymer segment is engaged in the manufacture and sale of acrylic resins, urethane resins, epoxy resins and polystyrene. The Compound segment is engaged in the manufacture and sale of polyphenylene sulfide (PPS) compounds, jet inks and resin colorants. The Application Materials segment is engaged in the manufacture and sale of industrial adhesive tapes and healthcare foods. In 1977, DIC Corporation succeeded in becoming the first company in the world to grow Spirulina commercially under controlled conditions and went to commence mass production. DIC LIFETEC Corporation was established in November 1999 as a wholly owned subsidiary of DIC to engage in the production and sale of Spirulina products.

Strategy

DIC Corporation attempts to add value and innovate in order to introduce socially responsible and sustainable products. The company's goal is to better the human condition by bringing color and warmth into people's lives in a safe way. The enterprise is driven by a desire for excellence, which is reflected in the solution-focused actions made every day to build value via innovation. In all client interactions, the organization pledges to be honest, frank, and ethical. Beyond compliance, the company is determined to promote products and activities that encourage socially responsible and environmentally responsible development.

Company Snapshot

$6,304.03M

Revenue

22,474

Employees

1908

Founded

Japan

Headquarters

SWOT Analysis

Strengths

  • Business Performance: Packaging & Graphic
  • Established Global Network
  • Diversified Product Portfolio
  • Good at strategic acquisitions and collaborations
  • Exhaustive and diverse product portfolio
  • Strong global presence
  • Complimenting business segments

Weaknesses

  • Increase in Debt
  • Higher energy and raw material prices are negatively impacting production costs
  • Declining market share due to increasing no. of competitors.

Opportunities

  • Market Outlook: US Chemical Industry
  • Partnerships and Agreements
  • Acquisitions
  • Rapid expansion of economy
  • Company’s core competencies can be a success in similar other products field.

Threats

  • Increasing Raw Material Prices
  • Stringent Regulations
  • Competition
  • Emergence of new players may pose threat.
  • Vulnerable to development of new substitution products
  • Competitors catching up with the product development

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Key Developments

DateApproachDevelopment
Sep 2022InvestmentDIC Corporation has announced it is to invest US$9 million at Earthrise, a U.S subsidiary, and Hainan DIC, a Chinese subsidiary, producing an edible blue-green algae, Spirulina, and the natural blue food colourant, LINABLUE. DIC Corporation is one of the world’s leading fine chemicals companies and the core of the DIC Group, a multinational organisation comprising over 190 companies around the globe, including Sun Chemical Corporation.
Aug 2021Product LaunchDIC Corporation announced that wholly owned subsidiary DIC Lifetec Co., Ltd., which manufactures and sells health foods, notably edible blue-green algae Spirulina, signed a sales agency contract with Fermentalg S.A., a leader in the development of microalgae-derived food ingredients based in Libourne, France, and in July 2021 began marketing Fermentalg’s DHA ORIGINS™-510 series of Schizochytrium sp.-derived highly concentrated docosahexaenoic acid (DHA) oils for use in dietary supplements.
July 2021CollaborationDIC and Debut Biotech launched the first phase of their joint development agreement (JDA) to develop a new method for synthesizing natural pigments. Working together, DIC and Debut Biotech achieved titers one-thousand times higher than traditional fermentation methods typically deliver.
June 2021AcquisitionDIC Group Finalizes Acquisition of BASF’s Global Pigments Business. DIC Corporation has closed on the acquisition of BASF’s global pigments business, known as BASF Colors & Effects (BCE). The Company will re-examine its consolidated operating results forecasts in the near future and will promptly disclose any revisions.
November 2019CollaborationDIC Corporation announced that it will partner with PIGMENT TOKYO, an art materials lab operated by storage company Warehouse TERRADA to provide DIC pigments for cosmetics, traditionally marketed to cosmetics manufacturers, to individual consumers, with a view to expanding the focus of marketing to include art applications.

Product Offering

  • DIC Corporation
    • Global Microalgae Market
    • Organic Pigments

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 6,304 Mn in 2019 to USD 7,016 Mn in 2021.
DIC Corporation — By Business Segment
Series (USD Mn)201920202021
Sales6,3045,751.27,016

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