06 June 2013 12:09 [Source: ICIS news]
FRANKFURT, Germany (ICIS)--DSM Engineering Plastics, a business arm of Netherlands-based producer DSM, is still on target to inaugurate a new materials sciences research building in Sittard-Geleen in the summer of 2014, business unit director, Koen Devits, said on Thursday.
Devits was speaking at a pre-K event conference.
In November last year, DSM began construction of the facility at its home base on the Chemelot Campus in Sittard-Geleen.
The materials sciences research building will allow the company to develop innovations in polymers, new functional materials like thermo-conductive plastics for lighting and halogen-free flame retardant solutions for the electronics industry.
The facility formed part of an investment of around €100m ($132m) that DSM made in three new research and development facilities in Sittard-Geleen and in Delft, also in the Netherlands.
In October 2011, DSM Engineering Plastics opened its China Science and Technology Centre in Shanghai. The new centre was built to be DSM Engineering Plastics’ main innovation centre in China and strengthen its research and development capability in the country.
In 2012, DSM moved its global Engineering Plastics headquarters to Singapore as a strategic step to capture the Asian market, where it expects the major share of its growth to be generated in the coming years, Devits said.
($1 = €0.76)
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