DSM and MCC complete exchange polycarbonate and polyamide businesses
(Thomson Reuters ONE) -
DSM Engineering Plastics, a business group of the Netherlands-based Life
Sciences and Materials Sciences company Royal DSM N.V., today announces that it
has completed the acquisition of Mitsubishi Chemical Corporation's (MCC)
Novamid(®) polyamide business in exchange for DSM's Xantar(®) polycarbonate
business.
In February 2010 both companies signed the contracts for the swap. Both
businesses have an annual net sales level of approximately EUR 90 million each.
The parties have agreed not to disclose other financial details.
For both companies the businesses they will add to their portfolios as a result
of the swap of activities provide a strong strategic fit. DSM Engineering
Plastics is able to further reinforce its position as one of the globally
leading producers of polyamide engineering plastics and expand its position in
Japan, an important market where innovation and sustainability are driving
growth.
A number of key employees of DSM's polycarbonate business are transferred to
MCC. A number of employees of MCC are seconded to DSM. It is also envisaged that
MCC will establish an R&D unit at the Chemelot Research and Technology campus in
Geleen (Netherlands).
DSM Engineering Plastics
DSM Engineering Plastics is one of the world's leading suppliers of quality
engineering thermoplastics providing customer value through sustainable
solutions that reflect the DSM People, Planet and Profit strategy. DSM
Engineering Plastics delivers innovative opportunities for customers who design
or produce electrical applications, electronic equipment, cars, barrier
packaging films as well as many mechanical and extrusion applications. These
markets are served with a broad portfolio of high performance materials
including Akulon(®) 6 and 66 polyamides, Arnitel(®) TPC, Arnite(®) PBT and PET
polyesters, Yparex(®) extrudable adhesive resins, and Stanyl(®) high heat 46
polyamides. Most recently, DSM Engineering Plastics has introduced the first new
polymer of the 21st century: Stanyl(®) ForTii(TM) and EcoPaXX(TM), a bio-based,
high performance engineering plastic. DSM Engineering Plastics had sales in
2009 of EUR 648 million with 1600 employees employed worldwide. More on:
www.dsmep.com
DSM - the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates solutions that nourish, protect and improve performance.
Its end markets include human and animal nutrition and health, personal care,
pharmaceuticals, automotive, coatings and paint, electrical and electronics,
life protection and housing. DSM manages its business with a focus on the triple
bottom line of economic performance, environmental quality and social
responsibility, which it pursues simultaneously and in parallel. DSM has annual
net sales of about ? 8 billion and employs some 22,700 people worldwide. The
company is headquartered in the Netherlands, with locations on five continents.
DSM is listed on Euronext Amsterdam. More information: www.dsm.com
For more information:
DSM Corporate Communications DSM Investor Relations
Herman Betten Hans Vossen
tel. +31 (0) 45 5782017 tel. +31 (0) 45 5782864
fax +31 (0) 45 5740680 fax +31 (0) 10 4590275
e-mail media.relations(at)dsm.com e-mailinvestor.relations(at)dsm.
[HUG#1420306]
Press release-pdf: http://hugin.info/130663/R/1420306/369955.pdf
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2010 - 08:15 Uhr
Sprache: Deutsch
News-ID 21747
Anzahl Zeichen: 0
contact information:
Town:
Heerlen
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 231 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DSM and MCC complete exchange polycarbonate and polyamide businesses"
steht unter der journalistisch-redaktionellen Verantwortung von
DSM N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
