DSM announces closure of DSM Specialty Intermediates
(Thomson Reuters ONE) - DSM Specialty Intermediates B.V. (DSI) in Sittard (Netherlands) has todayannounced the intention to discontinue its operational activities by 31 December2010 at the latest. As a consequence, DSI's production activities at theChemelot industrial site in Sittard-Geleen will be stopped with effect from 1July 2010. The closure will result in the loss of 37 jobs at DSI. DSM strives toavoid forced redundancies as much as possible. DSM has asked the local WorksCouncil for advice on the intended closure.DSI produces and sells intermediates for the automotive, food and pharmaceuticalindustries. Due in particular to increasing competition from China and India,among other countries, prices and margins for these products have been underheavy pressure for a number of years.For this reason, a number of DSI production plants had already been closed in2007 and the remaining facilities had been integrated with other DSM plants inorder to make the business unit financially healthy. Despite the strong effortsof DSI's management and workforce, it proved impossible to make DSI structurallyprofitable, even after these measures.Given this situation, the only option left is to close DSI. Therefore, theintention is to discontinue all operational activities by 31 December 2010 atthe latest. In connection with this, the production activities will be stoppedearlier, with effect from 1 July 2010, after which the product stocks will beused to meet the remaining supply obligations.DSI employs 37 people, who will lose their jobs as a result of the closure. Theaim is to offer these employees an alternative within DSM. Employees for whom noalternative job can be found will be declared redundant at the moment when theirjob ceases to exist. The DSM LBV Supervision of Employment Plan as agreed withthe trade unions at DSM Limburg BV will apply to all employees who will becomeredundant as a result of the closure.DSM - the Life Sciences and Materials Sciences CompanyRoyal DSM N.V. creates innovative products and services in Life Sciences andMaterials Sciences that contribute to the quality of life. DSM's products andservices are used globally in a wide range of markets and applications,supporting a healthier, more sustainable and more enjoyable way of life. Endmarkets 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 andemploys some 23,500 people worldwide. The company is headquartered in theNetherlands, with locations
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Datum: 20.01.2010 - 06:18 Uhr
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