Heerlen, NL, 01 Jun 2010 09:15 CEST
Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, today announces that it has completed the sale of DSM Agro and DSM Melamine to Orascom Construction Industries (OCI), as announced on 30 March 2010.
With the closing of the sale, OCI will start integrating the businesses as of 1 June 2010.
DSM Agro is a producer of ammonia and high-nitrogen fertilizers for grasslands and agricultural crops and the market leader in the Netherlands. It also ranks among the market leaders in Germany, France and Belgium. DSM Agro, which operates a production site in Sittard-Geleen, produces about 1.6 million tons of fertilizers per year. DSM Agro realized net sales of €338 million in 2009.
DSM Melamine is the world’s largest producer of melamine. The main application of melamine is in wood-based panels and laminates used for furniture and flooring. DSM Melamine has a plant in the Netherlands and also produces melamine in joint ventures in China (DSM 49%) and Indonesia (DSM 60%). In 2009 DSM Melamine realized net sales of €151 million.