HEERLEN, The Netherlands - Royal DSM announced that it will start a partnership with Kemrock Industries in India for the production of specialty composite resins in India. DSM and Kemrock together will invest $25 million in the joint venture.
With this partnership, DSM will structurally strengthen its presence in India and leverage its depth of technological knowledge and global customer relationships. Both partners will utilize and leverage each other’s strengths. DSM will focus on the supply of specialized composite resin solutions to the fast-growing Indian market, while Kemrock will concentrate on the production of high-end composite parts.
DSM will hold 51 percent and Kemrock 49 percent in the joint venture, which will be based in Pune, India. In addition to the joint venture, DSM will establish its own local marketing and sales company for composite resins to serve the Indian domestic market.
DSM Partners With Kemrock Industries in India
March 2, 2011