26 Feb 2020
DSM to expand investments in high performance materials in North America
Geleen (NL), 26 February 2020 - Royal DSM, a global science-based company active in Nutrition, Health and Sustainable Living, today announces it is futureproofing and expanding the capacity of its high-performance materials compounding plant in Evansville, Indiana, USA. With the investment, DSM will enhance the site to produce the next generation of advanced materials, including bio-based thermoplastics. The project is expected to be completed in Q3 2021.
The extensive modernization and expansion of the site is being driven by increasing customer demand for advanced material solutions for electrification, metal replacement and lightweighting in multiple industries. It includes the addition of the latest state-of-the-art production technologies, increasing efficiency and sustainability throughout the facility.
“As demand from our customers for sustainable sources of advanced materials grows, so does our need to invest”, said Jud Gibson, Vice President Commercial Americas at DSM Engineering Plastics. “The expansion of our North American operations helps to ensure we have the right tools to meet this need today and in the future.”
Shruti Singhal, President at DSM Engineering Plastics said: “This investment reinforces our focus on North America being a key growth market for our business. It also underlines DSM’s commitment to serve our customers by continuously improving the technology and sustainability of our facilities around the world “
The project will help to meet increased regional demand for high-performance materials such as Akulon® PA6/PA66, Arnite® PET/PBT, Arnitel® TPC, EcoPaXX® PA410, ForTii® PA4T/PPA and Stanyl® PA46.
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Notes for editors
DSM – Bright Science. Brighter Living.™
Royal DSM is a global, purpose-led, science-based company active in Nutrition, Health and Sustainable Living. DSM’s purpose is to create brighter lives for all. DSM addresses with its products and solutions some of the world’s biggest challenges while simultaneously creating economic, environmental and societal value for all its stakeholders – customers, employees, shareholders, and society at large. DSM delivers innovative solutions for human nutrition, animal nutrition, personal care and aroma, medical devices, green products and applications, and new mobility and connectivity. DSM and its associated companies deliver annual net sales of about €10 billion with approximately 23,000 employees. The company was founded in 1902 and is listed on Euronext Amsterdam. More information can be found at www.dsm.com.
This press release may contain forward-looking statements with respect to DSM’s future (financial) performance and position. Such statements are based on current expectations, estimates and projections of DSM and information currently available to the company. DSM cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. DSM has no obligation to update the statements contained in this press release, unless required by law. The English language version of the press release is leading.