Industry News

DSM has built new factory in China for waterborne resins

Published on 2008-06-16. Author : SpecialChem

DSM NeoResins+ announces that it has finalized the construction of the new factory for the production of waterborne acrylic resins in China. Early May the factory was mechanically complete and early June the first batch was produced successfully. With this investment of almost EUR 20 million, DSM has taken another step in its ambition to realize USD 1.5 billion in sales in China in 2010, while at the same time introducing products to the country that contribute to a reduction in harmful emissions.

Waterborne acrylic resins can be used in waterbased coatings which do not require volatile organic compounds (VOCs). These VOCs have negative effects on the environment. Waterborne resins are applied as raw material in a wide range of products, varying from decorative paints to inks and adhesives.

The new factory has been built on the existing site of DSM Syntech in the province of Guangdong. The factory was completed on time. It is the first factory in China for the production of waterborne resins for DSM NeoResins+. DSM NeoResins+ is the leading global player in specialty resins, focusing on high performance products.

"This new factory will allow us to serve our customers in China and in other countries in Asia with top quality, environmentally friendly, waterborne acrylic resins like we do in Europe and in the USA. This development is very well in line with the DSM NeoResins+ growth strategy for China and with DSM's Vision 2010 strategy. Having production in China also fits in our drive to produce local for local and reduce our transportation need, so it is better for the environment", comments Dimitri de Vreeze, business unit director DSM NeoResins+.

China currently represents a small, but very promising market for specialty waterborne resins. DSM has good expectations for these resins for the industrial wood & metal coatings as well as for the adhesives and graphic arts markets. This expansion for waterborne resins is one of the first expansions at the DSM NeoResins+ site in China.

About DSM NeoResins+

DSM NeoResins+ is a leading, committed, global supplier of innovative specialty resins, specialized in the development and manufacturing of resins for the coatings and graphic arts industries.

DSM NeoResins+ has 1,250 employees and operates seven manufacturing sites spread over Europe, US and China. Being focused on customer needs, it has five Application and Research & Technology Centers: supported by a Customer Service Centers: in each of the three continents DSM NeoResins+ recently acquired the company Soluol Inc in the US. DSM NeoResins+ is headquartered in Waalwijk (Netherlands).

About 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, electrics and electronics, life protection and housing. DSM has annual sales of almost EUR 8.8 billion and employs some 23,000 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam.

Source: DSM

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