DSM (EURONEXT: DSM)
DSM is a Dutch chemical company headquartered in Heerlen, Netherlands. The company manufactures nutritional ingredients such as vitamins, enzymes, and related biochemicals. A pharmaceuticals division makes penicillin G and semi-synthetic antibiotics. Chemical operations manufacture plastics, resins, and chemical intermediates such as acrylonitrile and caprolactam. Products are used in synthetic fibers, adhesives, fiber optics, wind turbines, and auto parts.
The company was founded in 1902 as Dutch State Mines, a state owned coal mine company. Mining ended in 1973 as the company gradually transitioned to a chemical manufacturer.
In 2015 DSM announced plans to spin off its polymer intermediates and composite resins business into a new company, yet to be named. The new company will be 65% owned by CVC Capital Partners and 35% owned by DSM. The products involved include caprolactam, the raw material for Nylon 6, and acrylonitrile monomer. Also included are resins for composites including unsaturated polyester resins and vinyl ester resins.
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