DSM: Cooperation with Turkish Company
DSM Composite Resins, through its subsidiary Euroresins Kompozit Ürünler Tic. Ltd. Sti, (a.k.a Euroresins Turkey) (ERT) has outlined its future growth plans for Turkey which include closer cooperation with Turkish company Dyo Boya Fabrikalari Sanayi ve Tic. A.S. (DYO). The arrangement, which means DSM will obtain a local source of supply of its standard resins in the rapidly growing Turkish polyester market, also involves a transfer of DYO’s existing unsaturated polyester resins (UPR) business to ERT. The entire deal, which will provide a basis for the introduction of DSM’s specialty and innovation grades to Turkey and the broader region, is intended to be completed by end of June 2010 subject to approval by the respective competition authorities.
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