My watch list
my.chemeurope.com  
Login  

DSM to divest amino resins business to Ineos

05-Sep-2011

Royal DSM N.V. and INEOS Melamines, a subsidiary of Switzerland-based INEOS Industries announce that they have reached an agreement for DSM to sell its amino resins business to INEOS. The effective date of the transaction is 1 September 2011. Financial details will not be disclosed.

For DSM the divestment is a logical step after it closed at the end of 2009 its production facility in the Netherlands. Ever since a supply agreement with INEOS Melamines for manufacturing melamine and benzoguanamine amino resins has been in place. As of 1 September 2011, INEOS will market these amino resins directly.

The divestment and transfer of marketing activities will have minimal to no impact on DSM’s customers as the products will continue to be made according to the same process with the same specifications and in the same production facilities. During a transition period the sales forces of INEOS and DSM will cooperate closely to ensure a smooth transfer of all customer relations. For a limited period of time INEOS is allowed to use the DSM brand name Uramex® for the amino products involved.

Holger Mueller, Commercial Director of INEOS Melamines commented: “The acquisition of the amino resins from DSM is a further step in our efforts to be the supplier of choice for amino cross linkers. It will help to utilize our assets and is a consistent step after we started to produce the resins for DSM almost 2 years ago.”

Patrick Niels, Business Unit director of DSM Coating Resins said: “Amino resins are mostly used for solvent-based applications, whereas DSM has decided to focus its activities on coating resins with a lower ecological-footprint (such as waterborne, powder and UV technologies). “The divestment of the amino resins to INEOS is a further step in our strategy to further focus on innovative and sustainable resins .This increased focus will allow us to serve our customers better in ensuring an ever increasing use for sustainable coating technologies.”

Facts, background information, dossiers
More about DSM
  • News

    DSM and CVC finalize partnership for Polymer Intermediates and Composite Resins

    Royal DSM and CVC Capital Partners (CVC) announced that the partnership for DSM's activities in Polymer Intermediates (Caprolactam and Acrylonitrile) and Composite Resins through the formation of a new company, ChemicaInvest B.V., has been finalized. With all regulatory approvals now receiv ... more

    DSM and Ascend form global strategic alliance for supply of polyamide 66 compounds

    Royal DSM and Ascend Performance Materials Inc. announced that they have formed a global strategic alliance for the supply of compounds based on polyamide 66 (PA66). Under the agreement, Ascend becomes the strategic supplier to DSM for PA66 base-polymer used as raw material for Akulon® PA66 ... more

    DSM polymerization plant to be built in Augusta (GA)

    Royal DSM announced that its new polymerization plant will be built in Augusta, GA. The investment was accounted earlier this year and now a location has been confirmed. The plant, which will become part of DSM's Engineering Plastics business group, will manufacture high viscous Akulon® pol ... more

  • Companies

    DSM Pharmaceutical Products, Inc.

    DSM creates innovative products and services in Life Sciences and Materials Sciences, contributing to the quality of life. DSM’s products and services are used globally in a wide range of markets and applications, supporting a healthier, more sustainable and enjoyable way of living. End mar ... more

    DSM Composite Resins AG

    The DSM Composite Resins business unit is the European market leader in unsaturated polyesters (UPE) and is the global market leader in sizings and binders (DSM Neoxil), which are vital functional components that facilitate the production of glass fiber reinforcements and enhance their perf ... more

    DSM Pharmaceutical Products

    DSM creates innovative products and services in Life Sciences and Materials Sciences, contributing to the quality of life. DSM’s products and services are used globally in a wide range of markets and applications, supporting a healthier, more sustainable and enjoyable way of living. End mar ... more

More about INEOS
  • News

    Ineos and Solvay reach agreement for divestment of remedy business to ICIG

    INEOS and Solvay have reached an agreement with International Chemical Investors Group (ICIG) to acquire the assets being divested by INEOS. This agreement, which follows extensive discussions with the European Commission in the context of the merger control review of INOVYN, is a key step ... more

    Ineos to acquire significant share of key shale gas assets

    INEOS has announced it is acquiring at least a 50% interest in seven of IGas’ shale gas licences in the North West along with the option to acquire a 20% interest in two further IGas shale gas licences in the East Midlands. INEOS is also acquiring IGas’ interest in the shale gas licence aro ... more

    Hyundai Engineering and Turkmengas select INEOS Technologies' process for petrochemical complex

    INEOS Technologies announces that it has licensed its Innovene™ S process to Hyundai Engineering Co., Ltd. for the Turkmengas new greenfield world-scale petrochemical complex in the Balkan Region of Turkmenistan. The contract for construction of the gas chemical complex in Turkmenistan, in ... more

  • Companies

    INEOS Chlor Limited

    INEOS ChlorVinyls is one of the major chlor-alkali producers in Europe, a global leader in chlorine derivatives and Europe's largest PVC manufacturer. The Company consists of two distinct legal entities, INEOS Chlor and INEOS Vinyls, directed under a single management organisation. INEOS C ... more

    INEOS Group Limited

    INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. It comprises 19 businesses each with a major chemical company heritage. Our production network spans 73 manufacturing facilities in 19 countries throughout the world. We believe INEOS is characterized b ... more

    INEOS Silicas Limited

    INEOS Silicas is a world leader in silica and alumina technology, with over 900 employees and 8 manufacturing sites in 5 continents. Our products include liquid and solid silicates, gel and precipitated silicas, and a range of zeolites for detergent and other applications. We serve nationa ... more

Your browser is not current. Microsoft Internet Explorer 6.0 does not support some functions on Chemie.DE