DSM expands Dyneema PE fibre business

17 April 2008 10:58  [Source: ICIS news]

MUMBAI (ICIS news)--DSM plans to spend up to $450m (€283.5m) to increase production capacity in its Dyneema fibre business in response to continuous growth in demand, especially in the US, the Netherlands-based material sciences producer said on Thursday.

The company said it started engineering studies for the planned investment, which is expected to involve several phases of implementation over the next two-to-three years. DSM has Dyneema facilities at Heerlen in the Netherlands and Grenville in North Carolina, US.

The expansion is expected to result in a significant increase in Dyneema’s US production capacity for the life protection market and will also include new breakthrough technology for ballistic and other applications.

"We are proud that our lightweight, tough Dyneema is increasingly being used by customers in the highly demanding life protection market in applications for vehicle and personal protection," said Christophe Dardel, business group director of DSM Dyneema.

DSM Dyneema's annual sales have grown by more than 15% in recent years and DSM expects the business group to grow further, it said.

Dyneema is a strong polyethylene-based fibre and an important component in ropes, cables and nets in the fishing, shipping and offshore industries.

($1 = €0.63)

By: Isha Jha
+65 6780 4359

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