23 / 64
Industry
news
Wire & Cable ASIA – May/June 2011
21
Royal DSM’s joint venture – Jinling
DSM Resins Co Ltd (JDR) – is
investing approximately €50 million in
a new production facility for
composite resins in Nanjing, China.
The new facility, which will replace
the current facility, will be among the
largest manufacturing plants for
composite resins in the world. DSM’s
share in the investment is 75 per
cent.
The new facility will substantially
strengthen the local position of the
joint venture in the markets for
composite materials in China.
DSM holds 75 per cent of the shares
in JDR whereas Sinopec Assets
Management Co Ltd holds 25 per
cent in the joint venture.
The expansion follows on the
continued strong demand for high-end
resins in all the application segments
in the region. The new unit is expected
to come on stream early 2012.
Nico Gerardu, the member of the
DSM managing board responsible for
performance materials cluster, said:
“This investment perfectly fits in our
strategy DSM in motion: driving
focused growth.
“For several years in a row demand for
composite resins in China has been
larger than the capacity to produce.
“With this large investment in local
manufacturing capacity DSM is
preparing itself to take our growth in
China in composite resins to the next
level.
“It will also contribute to our 2015
target of doubling DSM’s sales in
China compared to 2010 to over
US$3 billion.”
Dimitri de Vreeze, president DSM
Resins, added: “With this new factory,
in combination with the new R&D
centre for composite materials in
Shanghai which we announced in
October 2010, we, together with our
JV partner Sinopec look with
confidence to a bright future ahead
for our composite resins business in
China.”
This investment allows DSM to further
drive its growth in China in
sustainable, innovative solutions.
Composite
resins
can
create
ecological benefits throughout the
whole value chain (with end-markets
such as transportation, wind energy,
tanks, pipes and relining and building
and construction) by reducing energy
use, emissions and waste.
Many of DSM’s innovations in
composite resins are ECO+ products
– products and services that, when
considered over their whole life cycle,
offer clear ecological benefits
compared
to
the
mainstream
solutions they compete with.
Jinling DSM Resins Co Ltd – China
Fax
: +86 8556 4848
:
info@jdr.comWebsite
: ww.jdr.com
€50m investment in new facility