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DSM Engineering Plastics announces acquisition

22 Aug 2008 - DSM Engineering Plastics announced that it has reached an agreement on the acquisition of the polymerization assets of Diolen Industrial Fibers BV. These include the facilities for polyester polymer production in Emmen (Netherlands), which will now be integrated with DSM's polyester compounding facility in Emmen. As part of the acquisition, DSM will offer employment to 45 Diolen employees.
 
Fredric Petit, Business Manager Arnitel® & Arnite® of DSM Engineering Plastics, says this acquisition gives DSM backward integration into polyester polymer production for its engineering plastic product lines Arnitel® TPC, Arnite® PBT and Arnite® PET. Mr. Petit continues: "This acquisition allows us to maintain our supply of high quality products and services and retain our position as a sustainable partner within the performance materials industry. Both consistency and security of supply are key considerations for our customers. We are pleased that this step has given us a stronger position in being able to meet their requirements. In the meantime, we continue to invest in innovations, new products and new technology development for our customers."