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DSM Forms Functional Materials Business Unit

April 19, 2011
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DSM recently announced 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.

“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+ definition by 2015. Secondly, much more than in the past, we will actively pursue partnerships and venture to grow our efforts beyond what could traditionally be accomplished in our own strength.”

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