WCA May 2011

Industry news

€50m investment in new facility

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 and 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. Jinling DSM Resins Co Ltd – China Fax : +86 8556 4848 Email : info@jdr.com Website : ww.jdr.com

Nico Gerardu, the member of the DSM managing board responsible for 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 US$3 billion.” Dimitri de Vreeze, president DSM Resins, added: “With this new factory, in combination with the new R&D centre for composite materials in Shanghai which we announced in October 2010, we, together with our

Royal DSM’s joint venture – Jinling DSM Resins Co Ltd (JDR) – is investing 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 per cent. The new facility will substantially strengthen the local position of the joint venture in the markets for composite materials in China. DSM holds 75 per cent of the shares in JDR whereas Sinopec Assets Management Co Ltd holds 25 per cent 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.

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Wire & Cable ASIA – May/June 2011