DSM announces investment plan for powder coating resins
Royal DSM N.V. announced its long term manufacturing plan to expand its polyester powder coating resin facilities and prepare its manufacturing network for the future. The capacity at three of its locations will be expanded, while preparations have started for further expansions.
Including investments currently under consideration, the long term manufacturing plan would result in a total capacity expansion of 40 kiloton. The investments are scheduled for the period 2007-2010. As a first step, the facilities in Schoonebeek (The Netherlands), Ping Tung (Taiwan) and Santa Margarida (Spain) will be expanded. At the site in Augusta (GA, United States) engineering has already been started to prepare for a significant expansion of capacity for the American market.
The announced investments are in addition to the capacity expansions as announced in 2006 in Kunshan (China), Ping Tung and Sta. Margarida. The investments at both Asian sites are fully aligned with and supported by Eternal Chemical, DSM's joint venture partner for these operations.
Gerben Algra, Global Business Director for DSM Powder Coating Resins, comments: "The investment will greatly strengthen DSM's global leadership position in polyester powder coating resins and underlines our commitment to this market. The expansions are essential to support DSM's continuous growth and most importantly, to enable a continued impeccable service to our customers. Also, the investment plan clearly signals the opportunities DSM sees for innovative and more sustainable products like powder coating resins."
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