DIC India to close down Mumbai unit

DIC India Ltd, a part of DIC Corporation – the Japanese manufacturer of printing inks and allied material, has decided to shut down its plant in Mumbai. DIC India Ltd has informed BSE that the Board of Directors of the company at its meeting held on March 26, 2014, approved the closure of the manufacturing unit of the company located at Chandivali Farm, Mumbai effective from April 01, 2014.
 
DIC India stated that the closure of the Mumbai unit would not affect the overall production capacity of the company as relocation of the manufacturing process will take place.
 
DIC India is one of the largest companies in the Indian printing, publishing and packaging industry segment, serving top-of-the-line newspapers, magazines, packaging and printing establishments in the country.