DSM Plans Composite Resin JV Facilities in China and India

摘要

DSM says its Jinling DSM Resins (JDR; Nanjing, China) joint venture with Sinopec Assets Management will invest ?50 million ($70 million) to bnild a composite resins facility at Nanjing. DSM holds a 75% stake in JDR and Sinopec Assets Management holds the rest. The new facility, which will replace an existing facility, will be among the largest manufacturing plants for composite resins in the world. DSM's share in the investment will be 75%. The new plant is expected to be onstream in early 2012. DSM, meanwhile, announced it will form a partnership with Kemrock Industries (Vadodara, India) for the production of specialty composite resins in India. The two companies will invest a total of $25 million in that jv, which will be based at Pune. DSM will hold a 51% stake in the jv and and Kemrock will hold the rest.