DSM invests EUR 20 million in new factory in China for waterborne resins
Royal DSM N.V. announces the start of the construction of a new factory for the production of waterborne acrylic resins in China. With this investment, around EUR 20 million, DSM takes another step in its ambition to realize USD 1.5 billion in sales in China in 2010, while at the same time introducing products to the country that contribute to a reduction in harmful emissions.
Waterborne acrylic resins can be used in water-based coatings which do not require volatile organic compounds (VOCs). These VOCs have negative effects on the environment. Waterborne resins are applied as a raw material in a wide range of products, varying from decorative paints to adhesives.
The new factory will be built in the province of Guangdong on the existing site of DSM Syntech. The factory will be completed in the second quarter of 2008. It will be the first factory in China for the production of waterborne resins for DSM NeoResins+. DSM NeoResins+ is the leading global player in specialty resins, focusing on high performance products.
Royal DSM N.V. announces the start of the construction of a new factory for the production of waterborne acrylic resins in China. With this investment, around EUR 20 million, DSM takes another step in its ambition to realize USD 1.5 billion in sales in China in 2010, while at the same time introducing products to the country that contribute to a reduction in harmful emissions.