March 14, 2009 4:41:41 am
Royal DSM N.V.,the global Life Sciences and Materials Sciences company headquartered in the Netherlands,announced recently that it has opened a new manufacturing facility for producing engineering plastics compounds in India. “With this new greenfield facility,DSM underlines its long term commitment to one of the world’s largest and fastest growing emerging economies,” stated a press release issued by the company.
The plant,located at a 25 acre site at MIDC Ranjangaon industrial zone,about 60 km from Pune,triples capacity for the production of Akulon® PA6,Arnite® PBT and PET and Stanyl® PA46 in India. It is also the largest polyamide and polyester compounding facility in the country.
An increased presence in emerging economies is one of the key strategic drivers of DSM’s Vision 2010 strategy. India,with an average GDP growth of nearly 7 per cent in the past ten years,is an important part of this strategy.
“This investment is an important step forward in increasing our presence in India. It also confirms our long term commitment to the country. We are impressed with the growth of our Indian operations and this facility will help to achieve further profitable growth in the future”,said Nico Gerardu, member of the managing board of DSM.
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“This new facility allows DSM Engineering Plastics to produce closer to our customers and puts us in an even better position to support customers in the early stages of new product and application development as well as testing of polymers. India has also provided us with educated,motivated and talented people. Their dedication,customer focus and creativity are instrumental for our success in this important market”,said Jayant Dhobley,president of DSM Engineering Plastics Asia Pacific.
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