DSM to Close Specialty Intermediates Operation

DSM says it will close its DSM Specialty Intermediates (Sittard, the Netherlands) operation by December 31, 2010 at the latest. The business's activities, located at the Chemelot industrial site in the Sittard-Geleen area, will cease with effect from July 1, 2010, as a result. The specialty intermediates business produces and sells intermediates for the automotive, food, and pharmceutical industries, which have seen prices and margins erode in the past few years on the back of increasing competition from companies in China and India, in particular. A number...

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