MOSCOW (MRC) -- Royal DSM, the global Life Sciences and Materials Sciences company, today reports a fire at a utilities building of one of its intermediates production plants in Sisseln, Switzerland, which occurred about a week ago, reported the company on its site.
There was only equipment damage; at no time has there been any impact on personal safety, the environment or public health. The production of a few intermediates, mainly for Animal Nutrition & Health, has been interrupted. Impact to customers is expected to be minimal.
The majority of the estimated impact of EUR20-25 million is covered by insurance. An amount of EUR15 million will be covered by DSM Insurances’ captive insurance and will be recognized as part of Corporate Activities in DSM’s Q2 results due to be published on 5 August 2014.
As MRC wrote previously, last October, Royal DSM signed a partnership agreement with long fibre thermoplastic (LFT) specialist Plasticomp (Winona, Minnesota, USA) to develop bio-based LFT composite materials based on DSM’s "EcoPaXX" polyamide 4.10. The lightweight materials, which include compounds reinforced with glass fiber as well as carbon fiber, will be targeted at automotive and other performance-driven markets.
Royal DSM is a global science-based company active in health, nutrition and materials. 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.