DSM and MCC sign contracts to 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 signed the contracts with Mitsubishi Chemical Corporation (MCC) enabling DSM
to acquire MCC's Novamid® polyamide business in exchange for DSM's Xantar®
polycarbonate business.
In May 2009 both companies already announced the signing of a memorandum of
understanding for the intended swap. The transaction is subject to various
external approvals. Closing is expected in Q2 2010.
For both companies the businesses they will add to their portfolios as a result
of the intended swap of activities provide a strong strategic fit. DSM
Engineering Plastics will be 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 will transfer to MCC.
A number of employees of MCC will be 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 prosperity, environmental quality and social equity,
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-mailmedia.relations(at)dsm.com e-mailinvestor.relations(at)dsm.com
[HUG#1388890]
Press release-pdf: http://hugin.info/130663/R/1388890/347143.pdf
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Datum: 26.02.2010 - 02:16 Uhr
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