|Published: 2019-05-13 um 12:24 Uhr||Options:|
Royal DSM announced that it has reached agreement with SRF Ltd., to acquire its Engineering Plastics business, a leading player in India in the development, production and sale of specialty materials. The acquisition is expected to close in Q3 2019, subject to customary closing conditions.|
SRF’s Engineering Plastics business, founded in 1979, with its main operations located in Pantnagar (India), realized sales of about US$ 37 million in 2018 and has seen double-digit growth in recent years. The company’s customers are well-known brands in the Automotive and Electrical & Electronics industries in India.
In 2018, DSM’s total sales in India, realized with about 550 employees, amounted to about 250 million Euro, an increase of 17 percent compared to 2017. DSM Engineering Plastics operates a compounding facility and an R&T center in Pune.
More information: www.dsm.com
Royal DSM, Sittard, Netherlands