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The Dutch company announced on the 11th of April 2011, following an extensive strategic study for its resins businesses - part of DSM's performance materials cluster - that it will expand its innovation activities in the area of formulated coatings and composites with the formation of a DSM Functional Materials Business Unit.
DSM announced on the 11th of April 2011, following an extensive strategic study for its resins businesses - part of DSM's performance materials cluster - that it will expand its innovation activities in the area of formulated coatings and composites with the formation of a DSM Functional Materials Business Unit. The activities of its current DSM Desotech Business Unit will be integrated into this new structure.
DSM Desotech is a world leader in the development of high-performance UV-curable materials including the top-selling brands of DeSolite® optical fiber coatings and Cablelite® inks for the telecommunication industry, and Somos® stereolithography additive fabrication materials. In 2008, this UV-curable portfolio was expanded to include UVolve® Instant Floor Coatings and UVaCorr® anti-corrosion coatings for tube & pipe.
Founded on DSM's four global growth drivers - High-Growth Economies, Innovation, Sustainability, and Acquisitions & Partnerships, DSM Functional Materials will focus on market trends pointing toward more environmentally friendly and lighter-weight materials. It will continue its leadership in UV-curable materials with a strong focus on Asia and other high-growth economies, while also targeting additional high-growth areas for its innovation efforts, including:
· Functional coatings and materials for solar applications
· Functional wood coatings· Composite materials
"This development fits perfectly with all four growth drivers of the strategy 'DSM in motion: driving focused growth.' Sustainability will continue to be our innovation driver and our portfolio will strongly reflect DSM's commitment to the 'triple-p' bottom line approach-people, planet, profit," said Henk-Jan Koenen, Business Unit Director DSM Functional Materials and previous Business Unit Director DSM Desotech. "For starters, we will aim for a major portion of sales to fall under the DSM ECO+ definition1 by 2015. Secondly, much more than in the past, we will actively pursue partnerships and venturing to grow our efforts beyond what could traditionally be accomplished in our own strength. It will be exciting times for our new Business Unit!"
More Information: www.dsm.com