Heerlen, The Netherlands -- Royal DSM NV has invested Euro 15 million ($21 million) in a new plant to make wet polyesters and other speciality resins in Meppen, Germany.
The plant, which has just been opened, was built at the existing site of DSM NeoResins+ in Meppen, said DSM's 20 Jan announcement. The plant has space for further expansion in the future, the company noted.
This plant reinforces DSM NeoResins' "strong position in the fast-growing and important markets such as metal packaging (can), pre-painted metal (coil), speciality decorative markets, speciality adhesives, graphic arts and industrial wood," said the company.
According to Nico Gerardu, DSM board member responsible for Performance Materials, "DSM NeoResins+ is the global leader in speciality resins and this new plant enables us to expand our offering of polyester-based resins. This expansion underlines our commitment to grow this business further, by focusing on innovative products which support sustainability while enhancing performance."
In Meppen DSM produces a variety of resins, including water- and solvent borne polyesters, urethanes, acrylics, alkyds and epoxy esters.
This plant is the latest in a series of capacity expansions by DSM at Meppen. Over the last twenty years DSM has invested Euro 60 million there, "transforming it into a multi-purpose speciality resin site," the company said.
DSM NeoResins, headquartered in Waalwijk, the Netherlands, specialises in the development and manufacture of resins for coatings and graphic arts. The business employs 1250 in seven manufacturing sites across the world as well as five application and research & technology centres, and three customer-service centres.