DSM / MCC: Exchange of PC and PA Businesses
Royal DSM N.V., Heerlen, Netherlands, and Mitsubishi Chemical Corporation (MCC), Tokyo, Japan, have signed a memorandum of understanding for DSM to acquire MCC’s Novamid polyamide business in exchange for DSM’s Xantar polycarbonate business. For both companies the businesses they will add to their portfolio provide a strong strategic fit. DSM Engineering Plastics will be able to further reinforce its position as one of the tow globally leading producers of polyamide engineering plastics. MCC will be able to fortify its global position in polycarbonate through the addition of DSM’s PC business, which is mainly focused on the European market.
In the agreement it is envisaged that DSM Engineering Plastics will compound polycarbonate in Genk, Belgium, for MCC and int turn MCC, through its Mepcom Kyushu joint venture, will compound polyamide in Kurosaki, Japan, for DSM.
Both business have an annual net sales level of approximately EUR 90 million each. The parties have agreed not to disclose other financial details.
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