Heerlen-DSM last week announced steps it will take to improve its competitive position and address the current "more difficult" market, and which are expected to result in structural cost savings of up to ?100-million annually by 2010. DSM noted that some of its businesses have seen a "continued sharp drop in demand" throughout the fourth quarter. The company cited its fiber intermediates, engineering plastics, resins and some parts of its base chemicals and materials operations. For these businesses, temporary plant shutdowns have already been implemented to adjust to reduced demand.
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