The opening ceremony for the new factory, which was built at the existing DSM
NeoResins+ production site in Waalwijk, was performed by Feike Sijbesma, CEO
of DSM, together with Hans Wijers, CEO of AkzoNobel. DSM Resins, the business
group that includes DSM NeoResins+, is one of AkzoNobel's key suppliers of
innovative resins used in a broad range of AkzoNobel's coatings for a variety
of end-markets.
Waterborne acrylic resins manufactured by DSM NeoResins+ have far less
environmental impact and are much more painter friendly than traditional
solvent-based resins while offering high performance and durability standards.
The waterborne acrylic resins, which comply with current and future
legislation regarding volatile organic compounds (VOC), are used in coatings
for joinery, decorative and industrial wood applications as well as in the
graphic arts industry.
"This expansion is an important milestone for DSM NeoResins+ as a trusted,
innovative partner for the coatings industry. That an important partner and
highly valued customer such as AkzoNobel agreed to open this facility
underlines this. Even though we find ourselves in the midst of an economic
downturn, we continue our strategic commitment to innovation and
sustainability as highlighted by this important expansion," Feike Sijbesma,
Chairman of the DSM Managing Board said.
"AkzoNobel and DSM Resins have been valued partners for a long time. This
partnership helps us to supply customers with new, innovative coatings that
are more environmentally and painter friendly than traditional solvent-based
coatings," Hans Wijers, Chief Executive Officer of AkzoNobel said.
During the ceremony both CEOs stressed the importance of innovation and
collaboration between companies, as illustrated today by DSM and AkzoNobel.
"It is of vital importance for a country such as the Netherlands to remain
focused on innovation and sustainability, especially in the current economic
climate. This will ensure an improved competitive position for the country in
the future," Sijbesma and Wijers jointly said.
Waterborne acrylic resins use water as a carrier instead of oil-based
solvents. Solvent-based paints contain a variety of VOC that are harmful to
the environment and painters. New and upcoming environmental regulations, in
both Europe and North America, are driving demand for low-VOC and zero-VOC
coatings which are durable, cost-effective and less harmful to both the
environment and painters. DSM NeoResins+ has been an early adapter to the new
regulations, and has worked on building a portfolio of products that meet
future requirements today, without compromising on performance.
DSM NeoResins+ is also taking up its leadership role in markets such as China
where solvent-borne resins are still commonly used to convince governments to
apply stricter regulations to enable a switch to more environmental friendly
waterborne resins.
DSM NeoResins+
DSM NeoResins+ is a leading, committed, global supplier of innovative
specialty resins, specialized in the development and manufacturing of resins
that are focused on fulfilling the needs of the coatings and graphic arts
industries. DSM NeoResins+ has 1,250 employees and operates seven
manufacturing sites across the world. DSM NeoResins+ is committed to a strong
focus on customer needs and has five application and research & technology
centers, which are further supported by three customer service centers. The
business also includes the in 2008 acquired company DSM NeoSol based in
Providence (United States). DSM NeoResins+ is headquartered in Waalwijk
(Netherlands).
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
Herman Betten
tel. +31 (0) 45 5782017
fax +31 (0) 45 5740680
e-mail media.relations@dsm.com
DSM Investor Relations
Hans Vossen
tel. +31 (0) 45 5782864
fax +31 (0) 45 5782595
e-mail investor.relations@dsm.com
Forward-looking statements
This press release contains forward-looking statements. These statements are
based on current expectations, estimates and projections of DSM and
information currently available to the company. The statements involve certain
risks and uncertainties that are difficult to predict and therefore DSM does
not guarantee that its expectations will be realized. Furthermore, DSM has no
obligation to update the statements contained in this press release.
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