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| DSM opens new engineering plastics compounding plant in India |
11-3-2009 - 8:15
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Royal DSM N.V., the global Life Sciences and Materials Sciences
company headquartered in the Netherlands, announces today that it has
opened a new manufacturing facility for producing engineering
plastics compounds in India. With this new greenfield facility, DSM
underlines its long term commitment to one of the world's largest and
fastest growing emerging economies.
The plant, located at a 25 acre site at MIDC Ranjangaon industrial
zone, about 60 kilometers from Pune, triples capacity for the
production of Akulon® PA6, Arnite® PBT and PET and Stanyl® PA46 in
India. It is also the largest polyamide and polyester compounding
facility in the country. Materials produced by the facility are used
in manufacturing molded components for the automotive, electrical and
electronics and consumer goods industries.
An increased presence in emerging economies is one of the key
strategic drivers of DSM's Vision 2010 strategy. India, with an
average GDP growth of nearly 7% in the past ten years, is an
important part of this strategy.
"This investment is an important step forward in increasing our
presence in India. It also confirms our long term commitment to the
country. We are impressed with the growth of our Indian operations
and this facility will help to achieve further profitable growth in
the future", said Nico Gerardu, member of the Managing Board of DSM.
"This new facility allows DSM Engineering Plastics to produce closer
to our customers and puts us in an even better position to support
customers in the early stages of new product and application
development as well as testing of polymers. India has also provided
us with educated, motivated and talented people. Their dedication,
customer focus and creativity are instrumental for our success in
this important market", said Jayant Dhobley, president of DSM
Engineering Plastics Asia Pacific.
DSM Engineering Plastics' success in India is highlighted by its
association - from an early phase onwards - with the Tata Nano car,
which will be launched later this month. For more than 20 parts in
under the bonnet components as well as parts for transmission, DSM's
engineering plastics have been approved.
In addition to the injection molding compounds, DSM has also
introduced innovative and differentiated products for the film market
such as Akulon® XP, which combine better processing with higher
quality, further demonstrating long term commitment to the Indian
market.
DSM has been directly marketing and manufacturing engineering
plastics in India since 1999 and has consistently realized growth
well above market rates. In less than a decade, DSM Engineering
Plastics has achieved market leadership positions in relevant markets
in India.
The new facility further improves customer service levels and gives
Indian customers enhanced access to DSM's global technology base. DSM
applies the same high technology and environmental standards as used
in its other manufacturing operations around the world. The plant is
fully equipped with best-in-class safety, health and environment
compliance systems and uses state-of-the-art compounding technology.
The design of the manufacturing facility allows for additional
capacity expansion to accommodate further growth in demand in the
future.
DSM Engineering Plastics
DSM Engineering Plastics is one of the world's leading suppliers of
engineering thermoplastics, with a permanent focus on innovation.
Most recently, DSM Engineering Plastics introduced the first new
polymer of the 21st century: Stanyl® ForTii(TM). DSM Engineering
Plastics delivers Living Solutions: Materials that support a durable
vision of people, planet and profit for customers who design or
produce electrical applications, electronic equipment, cars, barrier
packaging films as well as many mechanical and extrusion
applications. DSM Engineering Plastics offers a broad portfolio of
high performance materials, including Akulon® 6 and 66 polyamides,
Arnitel® TPC, Arnite® PBT and PET polyesters, Xantar® polycarbonate,
Yparex® extrudable adhesive resins and Stanyl® PA46, global market
leader in high heat polyamides. DSM Engineering Plastics is part of
the performance materials cluster of DSM, with sales in 2008 of EUR
761 million and 1500 employees worldwide. More information:
www.dsmep.com
DSM - the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates innovative products and services in Life
Sciences and Materials Sciences that contribute to the quality of
life. DSM's products and services are used globally in a wide range
of markets and applications, supporting a healthier, more sustainable
and more enjoyable way of life. End markets include human and animal
nutrition and health, personal care, pharmaceuticals, automotive,
coatings and paint, electrical and electronics, life protection and
housing. DSM has annual net sales of EUR 9.3 billion and employs some
23,500 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
tel. +31 (0) 45 5782864
5782017
fax +31 (0) 45 5782595
fax +31 (0) 45
e-mail
5740680
investor.relations@dsm.com
e-mail media.relations@dsm.com
Dit persbericht is oorspronkelijk gedistribueerd door Hugin. Enkel de
afzender is verantwoordelijk voor de inhoud van dit bericht.
http://hugin.info/130663/R/1296706/294760.pdf |
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