DSM completes acquisition of majority share in China-based UHMWPE fiber manufacturer
(Thomson Reuters ONE) -
Royal DSM N.V. (DSM), the global Life Sciences and Materials Sciences company,
today announced that it has successfully completed the acquisition of a majority
share of 91.75% in Shandong ICD High Performance Fiber Co. Ltd. (ICD), based in
Laiwu, Shandong province, China, as announced on 17 February 2011. Financial
terms of the acquisition are not disclosed.
ICD is a manufacturer of UHMWPE (ultra high molecular weight polyethylene) fiber
and a strong player in the high-performance fiber market in China. The
acquisition brings complementary manufacturing and technology assets to DSM and
substantially strengthens the company's presence in this key market.
Nico Gerardu, member of the DSM Managing Board and responsible for DSM's
Performance Materials cluster, commented: "We are delighted to have completed
this acquisition and we welcome ICD to DSM. This acquisition reflects our
continued commitment to China and our strategy of investing in High Growth
Economies as well as in partners with proven success and high growth potential."
Gerard de Reuver, President of DSM Dyneema, added: "China is a major market for
UHMWPE fiber production and consumption. This acquisition marks a milestone in
the global development of DSM Dyneema and provides a stronger platform for
continued growth and leadership in the China market."
Ren Yi, General Manager of ICD, said: "We are excited to be joining DSM and
believe this will secure long term success and growth for us in China. Our
local knowledge together with DSM's global standards and expertise will help
improve our customer service and boost market and application development
opportunities."
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/1550890/477575.pdf
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Source: DSM N.V. via Thomson Reuters ONE
[HUG#1550890]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2011 - 08:15 Uhr
Sprache: Deutsch
News-ID 71222
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