Wikipedia:

DSM

(company)
Royal DSM N.V.
Type Public (Euronext: DSM)
Founded 1902
Headquarters Heerlen, the Netherlands
Key people Feike Sijbesma, chairman of the managing board
Industry Chemicals
Products Nutritional products
Pharma products
Performance materials
Industrial chemicals
Revenue Green_Arrow_Up_Darker.svg 8.352 billion (2006)
Operating income Green_Arrow_Up_Darker.svg 835 million (2006)
Net income Green_Arrow_Up_Darker.svg 547 million (2006)
Employees 22,156
Slogan Unlimited DSM.
Website www.dsm.com

DSM (in full Koninklijke DSM N.V., or Royal DSM N.V.) is a multinational chemicals company. Its headquarters are in Heerlen, the Netherlands. Originally a state-owned coal mining company (Dutch State Mines/De StaatsMijnen), the activities of DSM are now grouped into four clusters: Nutrition, Pharma, Performance Materials and Industrial Chemicals.

Name

The name DSM is actually derived from the English language, it is the acronym of the translation of the Dutch name; De Nederlandse Staatmijnen translated into Dutch State Mines (DSM). This company was regularly in the news in the late 1960's, because of the Dutch government's decision to close all the (state)mines. In 1973, after the last mine was closed, the company decided to carry the acronym as its name.

Data

DSM creates innovative products and services in life sciences and materials sciences, contributing to the quality of life. DSM’s products and services are used globally in a wide range of markets and applications, supporting a healthier, more sustainable and enjoyable way of living. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrics & electronics, life protection and housing. The company strategy, Vision 2010 – Building on Strengths, focuses on accelerating profitable and innovative growth of the company’s specialties portfolio. The key drivers of this strategy are market-driven growth and innovation, an increased presence in emerging economies and operational excellence. DSM has annual sales of almost EUR 9 billion and employs some 22,000 people worldwide. The company is headquartered in the Netherlands, with locations in Europe, Asia, the Americas, Africa and Australia.

DSM HG, Heerlen
Enlarge
DSM HG, Heerlen

History

DSM was established in 1902 as a state coal mining company. Through the years the company focussed not only on mining, but also on the chemical sector. Due to the closure of all the mines and the unemployment that followed, the Dutch government stimulated the chemical plants, to provide jobs for the miners.

In 1989 DSM was privatized, and started its first sale of the company's common shares to public investors. In 2002 the company sold their petrochemical division (the naphtha crackers) to SABIC of Saudi Arabia. Also in 2002, DSM acquired the nutritional products (a.o. vitamins) division of Roche. In 2005 NeoResins, the coating resins business of Avecia was purchased.


 
 
 

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