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DSM and MCC complete exchange polycarbonate and polyamide businesses

Heerlen, NL, 01 Jun 2010 09:15 CEST

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 completed the acquisition of Mitsubishi Chemical Corporation’s (MCC) Novamid® polyamide business in exchange for DSM’s Xantar® polycarbonate business.

In February 2010 both companies signed the contracts for the swap. Both businesses have an annual net sales level of approximately EUR 90 million each. The parties have agreed not to disclose other financial details.

For both companies the businesses they will add to their portfolios as a result of the swap of activities provide a strong strategic fit. DSM Engineering Plastics is 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 are transferred to MCC. A number of employees of MCC are 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™ and EcoPaXX™, a bio-based, high performance engineering plastic. DSM Engineering Plastics had sales in 2009 of EUR 648 million with 1600 employees employed worldwide.