28 January 2013 08:22 [Source: ICIS news]
SINGAPORE (ICIS)--The overall growth potential for high-strength fibres globally is projected to remain high in the future, buoyed by growing demand from the Asia-Pacific, a senior executive at Netherlands-based DSM Dyneema said on Monday.
“The Asia-Pacific region, as a key region for DSM Dyneema, is home to many high growth economies which are seeing rising demand for stronger, lighter and more sustainable fibre solutions,” said Gerard de Reuver, the president of DSM Dyneema.
“We have been highly entrepreneurial in our approach across various business segments and over the last five years, and we have seen double-digit growth in various markets,” de Reuver told ICIS.
“With our continuous drive on expanding and strengthening our innovative expertise; solutions and products; brand; as well as successful partnerships in the market, we aim to double this growth in the next five years,” he added.
The company declined to provide a detailed breakdown on its growth forecasts as it is “commercially sensitive information”.
The company earlier this month inaugurated its new technical centre in Singapore that houses the first independent ballistic testing facility in the Asia-Pacific region.
The facility houses two ballistic ranges and laboratories for conducting tests on Dyneema fibre, which has personal and vehicle armour applications, the company said in a statement.
Dyneema fibre is used in bullet-resistant armour and clothing for police and military personnel, and as a component in ropes, cables and nets in the fishing, shipping and offshore industries.
“For example, in the area of law enforcement or military personnel protection in the Asia-Pacific region, there are more focus placed on specific threats and operating conditions which differ from other regions, and even country-to-country,” de Reuver said.
The new technical centre in Singapore will be a key driver for the company’s regional and global projects and will enable “DSM Dyneema to further expand and enhance our global research and development expertise through local channels,” he said.
The company is headquartered in Urmond, the Netherlands, and has manufacturing plants in Heerlen, the Netherlands; Greenville, North Carolina, the US.
It is a partner with in a manufacturing joint venture with Toyobo in Japan and recently in 2011, completed the acquisition of majority share of ICD Shandong High Performance Fibre in China.
Capacity details were not disclosed.
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