Mar 29 2007
Royal DSM N.V. (DSM), the world’s leading supplier of nutritional and pharma ingredients, performance materials and industrial chemicals, announces that it will invest in a new plant for producing engineering plastics compounds in India, in the Ranjangaon MIDC industrial zone about 60 km from Pune. The new plant will triple the capacity for the production of Akulon® PA6, Arnite® PBT and PET and Stanyl® PA46 in India. These materials are used in manufacturing molded components for the automotive, electrical and electronics, consumer and industrial segments.
Being one of the world’s fastest growing economies, India has an important place in DSM’s Vision 2010 strategy, as one of the three pillars of this strategy is growth in emerging economies. DSM has been directly marketing and manufacturing engineering plastics in India since 1998 and has consistently realized growth well above the market rate. DSM is a market leader in Akulon® PA6, Arnite® PBT and PET, Stanyl® and Arnitel® products in India. The new plant demonstrates DSM’s long term commitment to the Indian market. It will further improve customer service levels and will give Indian customers enhanced access to DSM’s global technology base.
In the new plant DSM will apply the same high technology and environmental standards as used in its other manufacturing operations around the world. The plant will be fully equipped with best-in-class safety, health and environment compliance systems and will use state-of-the-art compounding technology. The new facility will enable DSM to meet the growing demand from the Indian market during the next few years while its design will also allow for additional capacity expansions in the future.