June 2, 2010

 

DSM completes sale of DSM Agro and DSM Melamine to OCI
 
Press Release
 
 
Royal DSM NV, the global life sciences and materials sciences company headquartered in the Netherlands, has completed the sale of DSM Agro and DSM Melamine to Orascom Construction Industries (OCI).
 
With the closing of the sale, OCI will start integrating the businesses as of June 1, 2010.
 
DSM Agro is a producer of ammonia and high-nitrogen fertilisers for grasslands and agricultural crops and the market leader in the Netherlands. It also ranks among the market leaders in Germany, France and Belgium. DSM Agro, which operates a production site in Sittard-Geleen, produces about 1.6 million tonnes of fertilisers per year. DSM Agro realised net sales of EUR338 million (US$411 million) in 2009.
 

DSM Melamine is the world's largest producer of melamine. The main application of melamine is in wood-based panels and laminates used for furniture and flooring. DSM Melamine has a plant in the Netherlands and also produces melamine in joint ventures in China (DSM 49%) and Indonesia (DSM 60%). In 2009, DSM Melamine realised net sales of EUR151 million (US$184 million).

Video >

Follow Us

FacebookTwitterLinkedIn