HEERLEN, THE NETHERLANDS--(Marketwire - Mar 4, 2013) - 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.™
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.
Or find us on:
http://www.facebook.com/DSMcompany
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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]