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."
SAN JOSEand SANTA
CLARA, CA– Cirexx International, Inc. announced
that its Santa Clara printed circuit board (PCB) plant has completed
certification and qualification assessment by the Defense Supply Center,
Columbus, Ohio (DSCC).
Cirexx obtained two MIL qualifications: MIL-PRF-31032/4A for
16-layer, rigid-flex products and MIL-PRF-313032/1B for 22-layer, rigid
products. The company believes that with the MIL qualifications, bleeding edge
programs and high-end defense customers will be able to “take advantage of the
manufacturing abilities, lead times and engineering support.”
PHILADELPHIA, PA -- Rohm and Haas Q3 earnings increased by about 2%. For the third-quarter ending Sept. 30, net income was $131 million ($0.67 per share) compared with a Q3 2007 net income of $129 million ($0.61 per share).
ASIA– Samsung Electro-Mechanics has signed a buyout deal with J-Three InternationalHolding of Taiwan. As part of the 27.1 billion won (US$20.44 million) deal, Samsung Electro will have more than a 95% share of Unicap Electronics Industrial, currently owned by J-Three. The deal goes into effect November 30, 2008. Unicap is located near Shanghai and specializes in the production of circuit boards in liquid-crystal displays. Samsung Electro expects the acquisition to increase its competitiveness in circuit board production.
