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AnQore - New name for DSM Acrylonitrile

Sittard, NL, 06 Nov 2015 08:00 CET

Effective 1 December 2015 DSM Acrylonitrile will continue under its new name AnQore. This announcement was made today at the annual IHS Acrylonitrile industry conference in Singapore.
AnQore logo

Since 1969 DSM Acrylonitrile has been manufacturing acrylonitrile and related products such as hydrogen cyanide, sodium cyanide and acetonitrile at the Chemelot Industrial Park in Sittard-Geleen (Netherlands). These products are essential building blocks for high- performance materials (for example carbon fiber for cars, planes and windmills), functional materials (for example polyacrylamide for enhanced oil recovery and waste water treatment), and ingredients for food and pharmaceuticals (for example vitamins).

Over the past 46 years the company has invested continuously in capacity expansion, process improvements and maintenance.

The name change is a result of the establishment of ChemicaInvest, a joint venture of CVC Capital Partners and Royal DSM, as the new owner of DSM Acrylonitrile, which will now be named AnQore.

The name AnQore refers to: the manufacturing of the product acrylonitrile (AN) as the foundation (“core”) of its business, reliable day-to-day and long term supply of products to its customers (“encore”), the consistency of product quality (“Q”) being the key value driver according to its customers, and being a trustworthy partner for its stakeholders (“anchor”).

Mr. Pieter Boon, CEO, comments: “Building on 46 years of experience, AnQore remains dedicated to providing safe and secure supply of our products to our customers. Every day AnQore employees are geared to bring our customers: excellent performance in Safety, Health, Environment and Quality, reliable day-to-day and long term supply of products, and a unique logistical performance. This is what we call ‘Smart Chemicals’. We are excited to continue to serve our customers under our new name.”

About DSM Acrylonitrile

DSM Acrylonitrile is headquartered in Sittard, The Netherlands. As of 1969 DSM Acrylonitrile has been manufacturing acrylonitrile and related products such as hydrogen cyanide, sodium cyanide and acetonitrile at the Chemelot Industrial Park in Sittard-Geleen (Netherlands). Its plant has an acrylonitrile nameplate capacity of 280 kiloton per year, distributed across two production lines. In 2014, DSM Acrylonitrile employed 150 people and had pro-forma sales of about 450 million EUR.

About ChemicaInvest

On 31 July 2015 CVC Capital Partners (CVC) and Royal DSM (DSM) announced that they had finalized their partnership for DSM’s activities in Polymer Intermediates (Caprolactam and Acrylonitrile) and Composite Resins. These activities have been brought under the ownership of ChemicaInvest, a joint venture between CVC and DSM. ChemicaInvest is 65% owned by CVC and 35% by DSM. ChemicaInvest is headquartered in Sittard, The Netherlands, and operates as an independent company with three business units: caprolactam, acrylonitrile and composite resins. In 2014, ChemicaInvest’s activities comprised 1,950 employees, pro-forma third party sales of 2.1 billion EUR and pro-forma EBITDA of 106 million EUR.