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(DSM) --
Royal DSM, the global Life Sciences and Materials Sciences company, today
announces that it will start a partnership with Kemrock Industries in India for
the production of specialty composite resins in India. DSM and Kemrock together
will invest USD 25 million in the joint venture.
With this partnership DSM, one of the leading composite resins providers
in the world, will structurally strengthen its presence in India and leverage
its depth of technological knowledge and global customer relationships. Both
partners will utilize and leverage each other’s strengths whereby DSM will focus
on the supply of innovative specialized composite resin solutions to the fast
growing Indian market while Kemrock will concentrate on the production of high
end composite parts.
DSM will hold 51% and Kemrock 49% in a joint venture, which will be based
in Pune. In addition to the joint venture, DSM will establish its own local
marketing and sales company for composite resins to serve the Indian domestic
market.
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