To be the leader in all activities of our company, in Greece and the Balkans, thereby. enhancing value and benefits for our
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- Peregrine Hodges
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2 Our Vision To be the leader in all activities of our company, in Greece and the Balkans, thereby enhancing value and benefits for our customers, shareholders and employees
3 DFH Activities DFH Group D R U C K F A R B E N Flexible Packaging Graphic Arts Architectural Paints
4 Consolidated Group Sales 64,38 73,73 83,11 113,62 113,42 98,47 98,54 98,70 96, m2011 3m2012 Paints Inks vs % total 14,5% 12,7% 18,5% 15,4% -0,2% -13,1% 0,2% -2,7% -5,1% Greece is our primary target. However, East Europe is our new territory Annual turnover mil. $ 1 Euro = 1,39$ USD
5 Business Activity Graphic Arts SBU Breakdown ,80% Flexible Packaging 32,70% 39,50% Architectural Paints Graphic Arts Flexible Packaging Paints
6 DFH Group Milestones 1970 Foundation of the Company 1987 Establishment of industrial facilities in Chalkida, Greece 1998 Listed in the Athens Stock Exchange / ΙSO 9001 Certification 1999 Strategic Partnership with International Inks Companies 1999 Penetration in the architectural paints market of Greece through M&A 2003 New company facilities at Aspropyrgos Systematic expansion in the SE Europe: DF ROMANIA SRL, DF d.o.o BELGRADE, DFH BULGARIA through M&A as well as organic growth 2007 Acquisition of Eurochroma S.A., Greece & m2 in Inofyta 2008 New company facilities at Bucharest, Romania 2009 Carve-out of Inks BU to DFH Druckfarben SA 2010 Acquisition of IKON/KODAK franchise & Introduction of BIOCLIMA (energy saving brand) An LOI was signed between DRUCKFARBEN and SUN CHEMICAL Group that stipulates that the two & Groups will confer their respective Graphic Arts Business into a single vehicle in the Balkans area An LOI was signed between DRUCKFARBEN and LEVENTIS Group to enter in the Nigeria market for the Flexible Packaging Division 2012 Start-up of the Sun Chemical Publication Group operations.
7 DFH Facilities Greece: Athens Aspropyrgos Chalkis Thessaloniki Distribution center for Northern Greece Romania: Paint Production, ink blending and distribution Center Bulgaria: Distribution of all DF Products Serbia: Distribution of all DF Products Nigeria: Blending and distribution of liquid inks
8 DFH Facilities DRUCKFARBEN ROMANIA DF D.O.O BELGRADE DFH BULGARIA DRUCKFARBEN HELLAS DF CYPRUS LTD
9 DFH Facilities DFH NIGERIA DFH invested in a area with high grow opportunities: Country s expected growth opportunities, especially in consumer goods Nigeria as a satellite for the business in the neighboring countries With strong local partners
10 DFH Facilities / In Greece Chalkis Surface m 2 Ink Plant m2 Salonika m 2 Subsidiary Distribution Center Inofyta Industrial Zone Surface m 2 Issuance of construction permit Asproprgos Surface m 2 Ink & Paints Factory - Distribution Center Administration Premises m 2 Production Capacity with 1 shift: tons Flexo Rotogravure Ink tons Black Ink Offset tons Paint Certifications of Environmental Management
11 DFH Facilities in Greece
12 DFH Facilities in Greece
13 DFH Facilities in SE Europe Romania-Bucharest 40,000 m 2 land 5,300 m 2 built area containing : Paint production unit with 12,000 tons production capacity Modern mixing stations for inks Modern laboratories for both inks and paints 3,600 m 2 storage area (warehouse) Bulgaria-Sofia 600 m 2 Storage facilities and Offices Distribution center Serbia-Belgrade m 2 Storage facilities and Offices Distribution center
14 DFH Graphic Arts business
15 DFH Graphic Arts business The response of both Groups to the challenging financial environment SUN CHEMICAL PUBLICATION GROUP
16 DFH Graphic Arts business SUBSIDIARIES Greece Romania Bulgaria Serbia Croatia Moldova Bosnia DISTRIBUTORS F.Y.R.O.M. Albania Cyprus SUN CHEMICAL PUBLICATION GROUP
17 DFH Graphic Arts business Sun Chemical and Druckfarben HELLAS join forces in the Graphic Arts (Offset) market, to capitalize on each company competitive advantages, such as: Leading Market Shares Distribution channels Products portfolio, and most important THE JOINT EFFORT People
18 DFH Graphic Arts business Web Offset Sheetfed Offset Leading position in Greece in offset inks (web offset sheet fed) for printing of: Newspapers & magazines Leaflets Paper packaging Production in the automated production line in Aspropyrgos, of black offset ink for newspapers, which covers the needs of both the Greek and the export markets
19 DFH Graphic Arts business Applications: - Newspapers - Magazines - Books - Cards - Posters - Advertising material - Paper packaging
20 DFH Graphic Arts business An advanced and fully automated plant, using state of the art technology is operating. Large scale production meets high quality criteria satisfying every customer needs. High performance mixing equipment. dispersion mills and finishing tanks guarantee finest dispersion, best pigment-vehicle wetting and fineness of grind. Coldset Black plant
21 DFH Graphic Arts business DFH Black ink series Series Viscosity poise Tack inkmoter Flow cm/15 min Press speed 100 F High 150 LT High 200 NT High 201 NT High 202 LT High 250 HT Standard DFH Black series have been designed to meet the constantly increasing quality criteria and ensure excellent printing quality, stable and problem-free printing behavior, as well as reduced setup time.
22 DFH Flexible packaging business
23 Flexible Packaging Products: - Flexo inks (solvent based- water based) - Roto inks (solvent based) - Printing auxiliaries, Ph additives, Lamination adhesives
24 Flexible Packaging Applications : - food packaging - plastic bags - paper bags - kitchen paper - paper wrappings - carton boxes - waste bags - cement & pet food sacs e.t.c.
25 FLEXIBLE PACKAGING UNIT Production Facilities To produce inks, DFH has designed and set up in its latest technology facilities in Aspropyrgos, Attica, a fully automated ink production plant, equipped with high-tech machinery and systems At the same time, in its refurbished production facilities in Agios Nikolaos, Evia, provided with the latest technological equipment and infrastructure, DFH produces its state of-the-art water-based product series for the Greek and foreign markets.
26 FLEXIBLE PACKAGING UNIT Lab Facilities, R&D philosophy The R & D Department is continuously developing a whole range of products in response to the latest requirements and applications of packaging inks. Approximately one third of the flexible packaging ink produced is exported to East Europe and the Balkans. Through ongoing research and study of substrates, DFH is able to adapt to new materials so the inks produced can always be of consistent quality and high performance, thus meeting the needs of all package printing applications on flexible materials.
27 FLEXIBLE PACKAGING UNIT Customer service Our Technical Support & Customer Service Departments, which are staffed with highly trained personnel, shall always be there for you to: provide you with immediate support with regard to ink application and use; help you choose appropriate inks for specific printing jobs; plan appropriate and efficient ink management in printing plants; hold training seminars dealing with ink application issues, packaging market trends, safety and law; monitor the appropriate dispatch of products, from order placement to delivery at printing plants
28 FLEXIBLE PACKAGING PORTFOLIO Flexographic solvent based inks
29 FLEXIBLE PACKAGING PORTFOLIO Solvent based flexographic inks Ink series Substrates Properties PolyCyflex PN Polycyflex PNS Flexoprop MX - FX Flexoprop MH - FH polyethylene shrink film (monolayer, coex) polyethylene shrink film (monolayer, coex) Polyethylene, polypropylene (cast, coex-sealable), lacquered Alu-foil, cellophane (plain, nitro) Different types of biodegradable PE Polyethylene, polypropylene (cast, coex-sealable), lacquered Alu-foil, cellophane (plain, nitro) optimum printability and flexibility, good heat resistance, stability during long runs CYMK inks for fine raster printing, minimum dot gain good adhesion, resistance to blocking / rub / deep freezing (special pigment selection), easy cleaning of plates and anilox cylinders CYMK inks, high gloss, optimum transparency for process printing - fine raster - vignettes, low dot gain Application characteristics Flexo, reverse printing, not for lamination, anilox: lpc packaging of aluminium cans (soft drinks, beer), mineral water bottles Flexo, reverse printing, not for lamination, anilox: lpc packaging of aluminium cans (soft drinks, beer), mineral water bottles Flexo for fine anilox cells ( lpc), MX for surface printing (not for lamination), FX for reverse printing (lamination) Flexo for very fine anilox cells ( lpc), MH for surface printing (not for lamination), FH for reverse printing (lamination) Resin system PA + NC PA + NC NC NC
30 FLEXIBLE PACKAGING PORTFOLIO Special flexographic ink series Ink series Substrates Properties Application characteristics Resin syst em Flexoprop FT Polyethylene (LDPE, MDPE, HDPE) optimum blocking resistance even under insufficient drying conditions, excellent tape release, good printability Flexo, surface printing ( lpc), not for lamination NC Flexoprop FM Mat printing on polyethylene, polypropylene, paper, carton good coverage and scratch / wrinkle / rub resistance Flexo, surface printing ( lpc), not for lamination NC Flexoprop FF/FK Polyethylene, polypropylene (cast, coex-sealable), lacquered Alu-foil, cellophane (plain, nitro) stable during long runs, excellent adhesion on cast PP without adding adhesion promoters, good coverage Flexo, surface printing ( lpc), FF for surface printing (not for lamination), FK for reverse printing (lamination) NC + PUR Flexoprop KF alum foil, paper, carton glossy and transparent inks, improved rub and heat resistance, excellent flexibility Flexo, surface printing ( lpc), not for lamination NC + acryli c Flexosacks FS Polyethylene (LDPE, MDPE, HDPE), polypropylene (cast, coex-sealable) High gloss, good adhesion even on low surface treated PP and PE, good coverage Flexo, surface printing ( lpc), not for lamination NC
31 FLEXIBLE PACKAGING PORTFOLIO Flexographic water based inks
32 FLEXIBLE PACKAGING PORTFOLIO Ink series Substrates - Applications properties Printing method Ecotone NP carton boxes and recycled paper, paper bags, brown and white cardboard, paper sacks high coverage, good gloss, low foaming, good rub resistance Flexo (surface printing) Drucktone NR (std) Drucktone NRS (high print density) carton boxes, shopping paper bags, white cardboard, coated cartonboard Fine raster high speed printing, excellent gloss, minimum dot gain, printing stability Flexo (surface printing) Drucktone NF standard and high quality paperbags, coated paper for labels high gloss, very fast printing speed Flexo (surface printing) Flexoboard NW Household towels, kitchen and hand towels, facial tissues, toilet paper, paper napkins Good printability, resistant to water alkalis alcohols (according to EN 646) Flexo (surface printing) Flexoboard NM Printing on polyethylene (LDPE, MDPE, HDPE), polypropylene (BOPP, cast), surface printing of shopping bags, internal printing of adhesive tapes, different types of bio degradable PE, ΝΜ light fastness for PE sacks very good rub resistance, good printability, high blocking resistance, high gloss Flexo (surface printing)
33 FLEXIBLE PACKAGING PORTFOLIO Rotogravure solvent based inks
34 FLEXIBLE PACKAGING PORTFOLIO Gravure solvent based inks Ink series Substrates Properties Application characteristics Resin system Rotoprop HL Polypropylene, polyethylene, lacquered aluminium standard inks, high gloss, printing stability, good transferability Gravure (lamination) NC Rotoprop HC Polypropylene, acrylic lacquered films (PP, cellophane), lacquered aluminium low solvent retention, excellent storage stability Gravure (lamination) NC Rotoprop HH Polypropylene, polyethylene, lacquered aluminium high solid content, ultra high color strength, low solvent retention, CYMK inks printable with chemical, electromechanica l and laser engraved cylinders Gravure (lamination) NC
35 FLEXIBLE PACKAGING PORTFOLIO Gravure solvent based inks Ink series Substrates Properties Rotocel GP Rotometal HE Rotopal KDD Rotovinyl VL PVC, PVDC and acrylic lacquered films (PP, cellophane, PET), PVC and PETG shrink films Aluminium, metallized films (PVC, PP, PET) Paper, carton, alu foil PET (corona, plain, chemical), OPA, CPA, PVDC lacquered films (OPP, PET) optimum flexibility and printability, good heat resistance high flexibility, good substrate wetting, adequate adhesion on treated substrates very high gloss, improved flexibility, sharp graphics reprodution optimum bond strength for retort and hot-fill packaging Application characteristics Gravure (surface printing, not for lamination), PVC and PETG shrink sleeves for bottles Gravure (surface printing, not for lamination) Gravure (surface printing, not for lamination) Gravure (lamination), pasteurized and sterilized packaging. structures, Resin system NC + AC NC + AC NC + AC PVC
36 FLEXIBLE PACKAGING PORTFOLIO Specialties: - Varnishes, OPV for wrap around labels - Primers (1K or 2K, solvent based or water based) - HSL (heat seal lacquers) - Side press additives: adhesion promoters, slip compounds, anti-foam, wetting agents, anti-blocking, ph regulators etc..
37 FLEXIBLE PACKAGING PORTFOLIO NEW trends Flexographic solvent based inks for printing fine raster. Anilox laser engravement up to 400 lpc with single of multi hit cells. Standard 60 hex anilox cells, 70 elongated and open channel configurations. DFH response to those trends: Flexoprop FH inks version 2000 CYMK printing fine dots Minimum dot gain Excellent ink transfer No stringing High printing speeds (up to 600 m/min)
38 FLEXIBLE PACKAGING PORTFOLIO NEW trends Flexoprop FH inks version 2000 Product code Viscosity sec Zahn cup No 2 Drying time sec Density gr/ml Description FHD 005 Y Process yellow FHD 013 R Magenta FHD 026 B Cyan FHD 029 S Black
39 FLEXIBLE PACKAGING PORTFOLIO Innovation Flexographic inks with fast and secure setting on corona treated OPP, cpp and coex-pe films, suitable for toast and bread packaging (the printed structure undergoes pasteurization: C, at relative humidity up to 100 % for at least 30 minutes - up to 60 minutes) DFH response to those needs developed: FLEXOPROP FT PUR N/C modified solvent based inks - TAA-free adhesion included in the recipes - fine dot reproduction - heat and moisture resistance - optimum printability
40 FLEXIBLE PACKAGING PORTFOLIO Innovation FLEXOPROP FT 3000 CYMK inks for fine raster reverse or front printing, spot colors are also available. Special white ensures high coverage. Product code Light-fastness full tone Drying time sec Density gr/ml Description FTD 005 Y Process yellow FTD 013 R > Magenta FTD 026 B Cyan FTD 029 S Black
41 FLEXIBLE PACKAGING PORTFOLIO NEW technology Fast growing market of universal inks. Suitable for reverse printing PET, OPA and BOPP, with high bond lamination values, excellent transferability and high colour strength in high printing speeds DFH response to those needs developed: LMR: Rotogravure inks Applied on a wide range of substrates: corona treated PET, chemical treated PET, acrylic coated OPP, corona treated OPA. Do not contain adhesion promoter(s). When printing corona treated OPP, cast PP and PE films add if needed adhesion promoter When printing acrylic coated films never add catalysts or heavy retarders
42 FLEXIBLE PACKAGING PORTFOLIO NEW technology LMR: Rotogravure inks Description Code Proc yellow LMR 005 Y 3000 Magenta LMR 013 R 3000 Cyan LMR 026 B 3000 Black LMR 029 S 3000 White LMR 100 W 3000 White HP LMR 100 W 3333 Orange LMR 008 O 3000 Silver (NL) LMR 021 M 0000 Thinning varnish Mixing varnish LMR 101 L 3000 LMR 100 L 3000
43 FLEXIBLE PACKAGING PORTFOLIO Mixing Station NEW technology Ink production Reducing Varnish 4 process inks Spot colors.. white Printing Machine LMR production schedule
44 FLEXIBLE PACKAGING PORTFOLIO NEW technology LMR production schedule Ink code Black process Cyan process Magent a process Yellow process Yellow gold effect Warm red C O M P ONENTS LMR100L LMR101L HLB029S HLB026B HLB005Y HLB006Y HLB482R HLB481R HLB008O 40% 5% 55% 40% 13% 47% 40% 5% 55% 40% 8% 52% 50% 50% 50% 50% Orange 50% 50%
45 FLEXIBLE PACKAGING PORTFOLIO Pilot production results NEW technology ADHESIVE LAMINATION PARAMETERS adhesive: NC272/CA12 (s/b 2 K) cylinder engraving: 60l/cm Application speed 300m/min Packaging structure: PET/ink/adh/alum Coating weight gsm
46 FLEXIBLE PACKAGING PORTFOLIO NEW technology Pilot production results Bond Strength (gr/15mm) 24hours after lamination Bond Strength (gr/15mm) 5days after lamination Min Max Average Min Max Average LMR inks + white LMR 100 W 3000 applied on PET chem
47 Thank You!
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