DSM joint venture to build world class composite resins facility in China
(Thomson Reuters ONE) -
Royal DSM, the global Life Sciences and Materials Sciences company, today
announces that its joint venture Jinling DSM Resins Co., Ltd. (JDR) will invest
approximately ? 50 million in a new production facility for composite resins in
Nanjing, China. The new facility, which will replace the current facility, will
be among the largest manufacturing plants for composite resins in the world.
DSM's share in the investment is 75%.
The new facility will substantially strengthen the local position of the joint
venture in the markets for composite materials in China. DSM holds 75% of the
shares in JDR whereas Sinopec Assets Management Co. Ltd. holds 25% in the joint
venture.
The expansion follows on the continued strong demand for high-end resins in all
the application segments in the region. The new unit is expected to come on
stream early 2012.
Nico Gerardu, Member of the DSM Managing Board and responsible for the
Performance Materials cluster, said: "This investment perfectly fits in our
strategy DSM in motion: driving focused growth. For several years in a row
demand for composite resins in China has been larger than the capacity to
produce. With this large investment in local manufacturing capacity DSM is
preparing itself to take our growth in China in composite resins to the next
level. It will also contribute to our 2015 target of doubling DSM's sales in
China compared to 2010 to over USD 3 billion."
Dimitri de Vreeze, President DSM Resins, added: "With this new factory, in
combination with the new R&D Center for composite materials in Shanghai which we
announced in October 2010, we, together with our JV partner Sinopec look with
confidence to a bright future ahead for our composite resins business in China."
This investment allows DSM to further drive its growth in China in sustainable,
innovative solutions. Composite resins can create ecological benefits throughout
the whole value chain (with end-markets such as transportation, wind energy,
tanks, pipes & relining and building and construction) by reducing energy use,
emissions and waste. Many of DSM's innovations in composite resins are ECO+
products - products and services that, when considered over their whole life
cycle, offer clear ecological benefits compared to the mainstream solutions they
compete with.
DSM in Composite Resins
DSM is the largest producer of structural resins in Europe and a technology and
innovation leader for the composites industry. The company is globally expanding
its activities in structural resins, especially in China and India, targeting
high added-value segments. In China, DSM is the leader in specialty UPR and
Vinyl ester resins. DSM is also the world's largest producer of glass fiber
sizings & binders under the Neoxil(®) brand. DSM can claim unique competencies
throughout the composites value chain. For more information:
www.dsmcompositeresins.com.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM N.V. is a global science-based company active in health, nutrition and
materials. By connecting its unique competences in Life Sciences and Materials
Sciences DSM is driving economic prosperity, environmental progress and social
advances to create sustainable value for all stakeholders. DSM delivers
innovative solutions that nourish, protect and improve performance in global
markets such as food and dietary supplements, personal care, feed,
pharmaceuticals, medical devices, automotive, paints, electrical and
electronics, life protection, alternative energy and bio-based materials. DSM's
22,000 employees deliver annual net sales of about ? 9 billion. The company is
listed on NYSE Euronext. More information can be found at 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-mail investor.relations(at)dsm.com
Press release-pdf:
http://hugin.info/130663/R/1492375/428152.pdf
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Source: DSM N.V. via Thomson Reuters ONE
[HUG#1492375]
Unternehmensinformation / Kurzprofil:
Datum: 25.02.2011 - 08:15 Uhr
Sprache: Deutsch
News-ID 51905
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