InterviewDSM to joint venture parts of innovation-driven businesses

21 May 2010 16:41  [Source: ICIS news]

LONDON (ICIS news)--DSM plans to find partners to form joint ventures for two of its four innovation-driven Emerging Business Areas (EBAs), the Dutch chemicals and life sciences group said on Friday.

Rob van Leen, DSM’s chief innovation officer, told ICIS news that DSM wanted to focus on its core areas of competence while bringing in expertise to help grow other parts of the business.

DSM’s EBAs were formed as the group's Vision 2010 innovation plan was put into operation.

Van Leen, speaking on the sidelines of a biotechnology briefing in London, said the EBAs were focused on biomedical materials, white (industrial) biotechnology, specialty packaging and personal nutrition.

On 20 September, the company would announce its innovation strategy for the next five years, which could include the new partnering plans, he added.

“The fate of these four units will be decided in September. Maybe two will go into a partnership. Sometimes it makes sense to find a partner to provide expertise such as access to markets,” said van Leen, adding: “We’ll also be announcing one or two new EBAs for the next five years.”

Van Leen did not disclose which of the four units may be involved in the joint venture plan.

($1 = €0.81)

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By: Will Beacham
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