DIC Opens Coating Resins Application Lab in India —Enabling swift responses to customer needs and the proposal of comprehensive solutions based on evaluation results—

Tokyo, Japan—DIC Corporation today announced that two of its subsidiaries in India—DIC South Asia Private Limited in Mumbai and IDEAL CHEMI PLAST PRIVATE LTD. in Badlapur—have together established the DIC South Asia Private Limited Application Lab, a dedicated laboratory for evaluating coating resins for automotive coatings and infrastructure applications. The new facility opened in February 2024.

DIC sees India’s coating resins market, currently growing at an annual rate of approximately 9%, as particularly promising and is working to expand its presence in the country, including by building a second production site at IDEAL CHEMI PLAST, acquisition of which was completed in 2019. Production at the new site commenced in February 2024.

The Company made the decision to establish the Application Lab with the goal of enabling it to respond swiftly to the needs of local customers and to propose comprehensive solutions that include not only recommending and supplying resins, but also providing compounding formulations and processed samples.

The Application Lab, run as an open laboratory, is jointly managed by DIC South Asia, which has provided equipment, and IDEAL CHEMI PLAST, which administers the part of the industrial area in which the facility is located. DIC expects that its coating resins customers in India will make active use of this new open laboratory going forward and that the laboratory will help it to further improve the services it provides in the Indian market.

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About DIC Corporation
DIC Corporation is one of the world’s leading fine chemicals companies and the core of the DIC Group, a multinational organization comprising over 190 companies, including Sun Chemical Corporation, in more than 60 countries and territories. The DIC Group is recognized as a global leader in the markets for a variety of products essential to modern lifestyles, notably packaging materials, display materials such as those used in television and computer displays, and high-performance materials for smartphones and other digital devices, as well as for automobiles. Through such products, the Group endeavors to deliver safety and peace of mind, and color and comfort, to people everywhere. The DIC Group also seeks to contribute to a sustainable society by developing innovative products that respond to social change and which help address social imperatives. With annual consolidated net sales exceeding ¥1 trillion and 22,000-plus employees worldwide, the Group pledges to continue working in close cooperation with its customers wherever they are. For more information, please visit the DIC global website. https://www.dic-global.com/