- Construction of the new plant will begin in 2Q 2014.
- Completion is scheduled for 3Q 2015.
- The EMEA market for liquid inks is expected to grow by 2%-3% annually.
- Turkey was chosen for its transportation links and skilled labor.
New Plant Construction
Sun Chemical Corporation, a subsidiary of DIC Corporation, will build a new plant for liquid inks for packaging applications in Turkey’s Aliağa Organize Sanayi Bölgesi (ALOSBI). Construction will start in the second quarter of 2014 and is expected to be completed by the third quarter of 2015.
Market Dynamics
While demand for publishing inks has decreased in developed countries due to the shift towards digital media, the demand for liquid inks for food and beverage packaging remains strong globally. This segment is unaffected by digital media trends and economic fluctuations, making it a stable market.
Strategic Importance
The EMEA market for liquid inks for packaging is projected to grow by 2%-3% annually. Sun Chemical aims to outpace this growth rate to increase its market share. The decision to expand production capacity in Turkey aligns with this goal, leveraging the country’s robust transportation infrastructure and skilled labor force.
Investment Rationale
Turkey was chosen for this investment due to its strategic location, well-developed transportation links, and a highly skilled labor force. Additionally, there is a significant domestic demand for liquid inks for packaging applications, which Sun Chemical plans to capitalize on to ensure solid business growth in Europe.
