Jun. 28, 2017

DIC Expands Production Capacity for Blue Pigments for Color Filters

—DIC seeks to solidify its top global market share for blue pigments for this application, as it has done for green pigments for this application—

Tokyo, Japan–DIC Corporation today announced that it has resolved to expand its production capacity for blue pigments for color filters of its Kashima Plant, in Ibaraki Prefecture. DIC is currently the top manufacturer of these pigments in terms of global market share. This will increase its production capacity for these pigments to 1.5 times the current level. Estimated investment has not been disclosed.

DIC will expand the Kashima Plant’s production capacity for blue pigments
DIC will expand the Kashima Plant’s production capacity for blue pigments

Blue pigments for color filters
Blue pigments for color filters 

Pigments for color filters are used in liquid crystal displays (LCDs) and electroluminescent (EL) displays for televisions, smartphones and other devices. Bolstered by growing demand, underpinned by growth in emerging economies, and a trend toward larger displays, DIC estimates that the global display market will continue to expand at a rate of approximately 3.5% annually between now and fiscal year 2025. 

The molecular design of DIC’s blue pigments for color filters achieves outstanding tinting strength and particle size control, in addition to specialty surface processing, thereby ensuring highly stable dispersion and excellent brightness and contrast. Since they were launched in 2012, DIC’s A series, of blue pigments for color filters, which currently dominate the market, the pigments’ outstanding optical properties have continued to earned solid marks from customers, supporting significant growth in demand. This, together with increasing number of customers choosing to adopt DIC pigments and steady market growth, underscored the Company’s decision to expand its production facilities. 

Under its current medium-term management plan, DIC108, DIC has positioned functional pigments containing pigments for color filters as a business that is expected to drive growth in the years ahead. As anticipated, the Company’s sales of these products have continued to increase steadily. DIC will capitalize on the expansion of its production capacity to boost sales 1.5 times the fiscal year 2016 level by fiscal year 2021, to solidify its top global market share for blue pigments for this application, as it has done for its green pigments for this application, currently the default standard worldwide.

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