Sun losses soar in UK after Coates deal

SunChemicals January 2000 acquisition of Coates Lorilleux from TotalFina plunged the groups UK operations deep into the red for that year, its latest accounts have revealed.

Although SunChemicals turnover almost doubled to 350m for the year to 31 December 2000, its pre-tax loss rose 236% to 28.9m.

The company, whose accounts have just been filed at Companies House, has subsidiaries including SunChemical Inks (Ireland), SunChemical Investments and Coates Brothers.

SunChemical Europe senior vice-president David Meldram was unavailable for comment as PrintWeek went to press.

* SunChemical Europe chairman Andrew Cova has opened a liquid inks technical centre, named after him, at Yate, near Bristol.

Story by John Davies