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DSM Joint Venture with Sinopec to Build Composite Resins Facility in China
12:48 AM MST | February 25, 2011 | Deepti Ramesh
DSM says its Jinling DSM Resins (JDR; Nanjing, China) joint venture with Sinopec Assets Management, will invest €50 million ($70 million) to build a new production facility for composite resins at Nanjing. DSM holds 75% stake in JDR and Sinopec Assets Management holds the remaining 25%. The new facility, which will replace the current facility, will be among the largest manufacturing plants for composite resins in the world and DSM’s share in the investment will be 75%, DSM says. The new plant is expected to come onstream in early 2012. The new...
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