DSM to build two new engineering plastic plants at Chemelot site, Geleen (NL)
Royal DSM N.V. announced that it has decided to construct two new manufacturing facilities at its Chemelot site in Geleen, the Netherlands. According to the company, DSM is making these investments in response to excellent market growth for two of the company's top specialty products, Stanyl® polyamide 46 and Stamylan® UH ultra-high molecular weight polyethylene, which is used among other things as a raw material for Dyneema® high strength fibers. The new Stanyl® plant and the new Stamylan® facility, which will each double existing production capacity, are scheduled to come on line in 2008. The total investment will be around EUR 100 million.
"These investments are another major step in the context of DSM's strategy Vision 2010 - Building on Strengths," says Nico Gerardu, member of DSM's Managing Board. "They will fuel the profitable growth of our specialty performance materials Stanyl®, Stamylan® UH and Dyneema® and build on our strengths in marketing and application development of these products."
"The fact that DSM is making these major investments at the Chemelot site in Geleen, its biggest and oldest manufacturing site, shows the competitive power of this site and also demonstrates DSM's commitment to it. These investments will give another boost to our site and to the economic growth of the region," commented Frans Pistorius, President of DSM Nederland.
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