DSM to raise Dyneema production capacity
17
Apr '08
Apr '08
Royal DSM N.V, the global Life Sciences and Materials Sciences company headquartered in the Netherlands, announces plans for a substantial capital expenditure program, expected to involve up to USD 450 million.
This will increase production capacity in its Dyneema business, enabling DSM to capitalize on expected continuous growth in demand in the United States for the world's strongest fiber.
DSM Dyneema's sales have grown by more than 15% per year in recent years and DSM expects the business group to accelerate its growth path.
Engineering studies have now commenced for the planned investment program, which is expected to involve several phases of implementation over the next 2-3 years.
The expansion is expected to result in a significant increase in DSM's US production capacity for the Life Protection market and will also include new breakthrough technology for ballistic and other applications. This will be the largest investment program since the start of large-scale production of Dyneema.
This planned capital expenditure program is another step in a series of significant investments DSM has made in its Dyneema business in recent years.
In October 2007 a 25% increase in production capacity in the US Life Protection business was announced. More recently, in March 2008 DSM welcomed the start-up of its latest Dyneema fiber production line in Greenville (North Carolina).
The first additional line of this new multi-stage investment program is expected to be operational in 2009. The majority of the investments are likely to be in the United States.
This will increase production capacity in its Dyneema business, enabling DSM to capitalize on expected continuous growth in demand in the United States for the world's strongest fiber.
DSM Dyneema's sales have grown by more than 15% per year in recent years and DSM expects the business group to accelerate its growth path.
Engineering studies have now commenced for the planned investment program, which is expected to involve several phases of implementation over the next 2-3 years.
The expansion is expected to result in a significant increase in DSM's US production capacity for the Life Protection market and will also include new breakthrough technology for ballistic and other applications. This will be the largest investment program since the start of large-scale production of Dyneema.
This planned capital expenditure program is another step in a series of significant investments DSM has made in its Dyneema business in recent years.
In October 2007 a 25% increase in production capacity in the US Life Protection business was announced. More recently, in March 2008 DSM welcomed the start-up of its latest Dyneema fiber production line in Greenville (North Carolina).
The first additional line of this new multi-stage investment program is expected to be operational in 2009. The majority of the investments are likely to be in the United States.
Must ReadView All
Textiles | On 14th Dec 2018
Pakistan-Italy MoU to expand economic, trade cooperation
Pakistan and Italy recently signed a memorandum of understanding...
Textiles | On 14th Dec 2018
South African parliament ratifies AfCFTA
The South African parliament recently ratified the agreement...
Textiles | On 14th Dec 2018
Jordan PM lays foundation stone for Chinese textile unit
Jordanian Prime Minister Omar Razzaz recently laid the foundation...
Interviews View All
Karan Suratwala
Key Textile Accessories Private Limited
Chinese imports are destroying the supply chain
Cindy McNaull
Cordura
We have broad range of options in durable fabrics
Top executives
Textile industry
Defining MSMEs on the basis of turnover makes it simpler to do business
J Korin started as a partnership firm with four powerlooms in the textiles ...
Industrie Tessili Bresciane (ITB) has served numerous industries and...
Japan-based FitJoy, a shoe brand for women, has been in the footwear...
Giulio Cesareo
Directa Plus SpA
Established in 2005, Direct Plus SpA, is one of the largest producers and...
Suresh Patel
Sidwin Fabric
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers
Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...
Hemant & Nandita
Hemant & Nandita
The designer duo of Hemant & Nandita are known for being inspired by...
Karan Arora
Karan Arora
Bridal couture created with rich Indian heritage, exquisite craftsmanship...
Anisha Chaudhari
Threads & Shirts
Threads & Shirts is a freshly-tailored concept providing men/women a...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
news category
Related Categories:
