| Royal DSM N.V. | |
|---|---|
 |
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| Type | |
| Founded | 1902 |
| Headquarters | |
| Key people | Feike Sijbesma, chairman of the managing board |
| Industry | |
| Nutritional products Pharma products Performance materials Industrial chemicals |
|
| Revenue |  € 8.352 billion (2006) |
| Operating income | € 835 million (2006) |
| € 547 million (2006) |
|
| Employees | 22,156 |
| Slogan | Unlimited DSM. |
| www.dsm.com | |
DSM (in full Koninklijke DSM N.V., or Royal DSM N.V.) is a multinational
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.
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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