MOSCOW (MRC) -- Royal DSM has opened its new center for research into and development of high-performance materials on the Brightlands Chemelot Campus in Sittard-Geleen, the Netherlands, as per the company's press release.
The completion of DSM’s largest materials center worldwide is part of the EUR100 million investment in knowledge and innovation in the Netherlands that DSM announced in May 2012. The center employs over 400 knowledge workers and combines important technological skills and expertise unique in the Netherlands for use in applications the world over.
The materials center is an important base for DSM’s Materials Sciences research and marketing activities. Furthermore it will be the most important research center worldwide for DSM Engineering Plastics. Historically, Sittard-Geleen has been the main center of DSM’s high-performance materials research. In addition, being located on the Brightlands Chemelot Campus offers opportunities for open innovation owing to the proximity of other start-up and established companies as well as research and education institutes.
DSM materials are used in applications and products all over the world; from connectors in electronics, surgical sutures and medical implants to heat-resistant plastic engine parts for the automotive industry, smart food packaging material, solar panel coatings and super-strong fibers in, for instance, cables. The materials need to be not only safe and superior in quality but also have a positive impact on people and the environment.
Dimitri de Vreeze, member of the Royal DSM’s Managing Board: "This investment is perfectly aligned with our strategy for growth in Materials Sciences through innovative solutions for a more sustainable future for people today and for generations to come. DSM’s innovations create new possibilities and contribute to solutions to the major challenges the world is facing. Lighter, high-quality materials that replace steel in cars and reduce energy consumption, smart packaging that help us prevent food being wasted, and materials made from biobased rather than fossil resources, helping to facilitate the circular economy".
As MRC reported previously, Royal DSM reported a sharp decline in third-quarter net profit, despite strong performance in all segments. Looking ahead, the company said its full-year 2014 outlook is in line with current market expectations. For the third quarter, net profit decreased 21% to EUR93 million from EUR117 million last year. Net earnings per share was EUR0.51, down from EUR0.65 in the previous year.
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.
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