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News

PARSIPPANY, NJ - Sun Chemical and its parent company, DIC Corporation, formerly known as Dainippon Ink & Chemicals, have formed a joint venture with Lianyungang Haidi Chemicals, Co. Ltd., China.

“This agreement expands Sun Chemical’s manufacturing capabilities of high performance pigments for our paints, coatings, plastics, and ink customers worldwide,” said Myron Petruch, president, Performance Pigments, Sun Chemical. “It will also enable us to further provide our customers with high performance pigments in Asia.”

The joint venture will be named Lianyungang DIC Color Co., Ltd., and will continue to manufacture high performance pigments and sell them through the worldwide sales network of DIC Corporation and Sun Chemical. The joint venture would eventually lead to an expansion of its product line to a wider range of organic high performance pigments in the future.

ANAHEIM, CA -- DDi Corp reported financial results for the Q3 that ended September 30, 2008. Net sales increased 14% YoY to $49.3 million, with a gross margin 20.8% and adjusted EBITDA of $7.1 million. Net income was $1.6 million, or $0.08 per diluted share.

The company repurchased 1.6 million shares of stock, leaving 19.8 million shares outstanding.

Mikel Williams, President and CEO of DDi, stated, "I am pleased with another quarter of solid results as we demonstrate focused execution on our strategy and operating plan despite a challenging general economic environment."