Sun Chemical's accounts slide further into red

Sun Chemical has failed to stop the flow of heavy losses following its acquisition of Coates Lorilleux at the beginning of 2000.

The companys accounts for the year to 31 December 2001 show that turnover fell
3% to 340.46m, while its pre-tax losses climbed to 33.3m, an increase on the previous years 28.9m loss.

In the year prior to the purchase of Coates Lorilleux from TotalFina, Suns pre-tax losses were just 8.6m.

The company's subsidiaries include Sun Chemical Inks (Ireland), Sun Chemical Investments and Coates Brothers. Its ultimate parent company is Dainippon Ink and Chemicals.

Both Sun Chemical director Richard Pettifor and Sun Chemical Europe senior vice president David Meldram were unavailable for comment as PrintWeek went to press.