DSM completes sale of participation in DEXPlastomers JV to Borealis
HEERLEN, THE NETHERLANDS, Mar 04, 2013 (MARKETWIRE via COMTEX) --
Copyright 2013 Marketwire, Inc., All rights reserved.
Royal DSM, the global Life Sciences and Materials Sciences company,
announced today that it has completed the sale of its participation in
DEXPlastomers V.o.F, a 50/50 Joint Venture of DSM with an affiliate of
ExxonMobil Chemical, to Borealis. DSM also sold its LldPE Compact
Solution Technology to Borealis. The
transaction was announced in
November 2012.
Established in 1996, DEXPlastomers is a 50/50 joint venture between
DSM and Exxon Chemical Holland Ventures B.V., producing C8 plastomers
and linear low
density polyethylene. In the scope of the transaction
are approximately 100 employees who have transferred to the new owner
upon closing. DSM's LldPE Compact Solution Technology was first
developed in the 1960's to produce polyethylenes in a certain density
range and is instrumental to the operations
of DEXPlastomers.
For DSM, a sale of DEXPlastomers is in line with its long-term focus
of being a Life Sciences and Materials Sciences company, active in
health, nutrition and
materials. DSM's 50% participation in
DEXPlastomers was reported under Corporate
Activities in DSM's
accounts.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM is a global science-based company active in health,
nutrition and materials. By connecting its unique competences in Life
Sciences and Materials
Sciences DSM is driving economic prosperity,
environmental progress and social
advances to create sustainable
value for all stakeholders. DSM delivers innovative solutions that
nourish, protect and improve performance in global
markets such as
food and dietary supplements, personal care, feed, pharmaceuticals,
medical devices, automotive, paints, electrical and electronics, life
protection, alternative energy and bio-based materials. DSM's
23,500
employees deliver annual net sales of around EUR9 billion. The
company is listed on NYSE Euronext. More information can be found at
www.dsm.com.
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Press release-pdf:
http://hugin.info/130663/R/1682603/550446.pdf
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Source: DSM N.V. via Thomson Reuters ONE
[HUG#1682603]
SOURCE: DSM N.V.
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