N🟁N

DSM completes sale of DSM Agro and DSM Melamine to OCI

  //business-finance.news-articles.net/content/201 .. es-sale-of-dsm-agro-and-dsm-melamine-to-oci.html
  Published in Business and Finance on Tuesday, June 1st 2010 at 1:00 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

HEERLEN, NETHERLANDS--(Marketwire - June 1, 2010) -

Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, today announces that it has completed the sale of DSM Agro and DSM Melamine to Orascom Construction Industries (OCI), as announced on 30 March 2010.

With the closing of the sale, OCI will start integrating the businesses as of 1 June 2010.

DSM Agro is a producer of ammonia and high-nitrogen fertilizers for grasslands and agricultural crops and the market leader in the Netherlands. It also ranks among the market leaders in Germany, France and Belgium. DSM Agro, which operates a production site in Sittard-Geleen, produces about 1.6 million tons of fertilizers per year. DSM Agro realized net sales of EUR 338 million in 2009.

DSM Melamine is the world's largest producer of melamine. The main application of melamine is in wood-based panels and laminates used for furniture and flooring. DSM Melamine has a plant in the Netherlands and also produces melamine in joint ventures in China (DSM 49%) and Indonesia (DSM 60%). In 2009 DSM Melamine realized net sales of EUR 151 million.

DSM - the Life Sciences and Materials Sciences Company

Royal DSM N.V. creates solutions that nourish, protect and improve performance. Its end markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrical and electronics, life protection and housing. DSM manages its business with a focus on the triple bottom line of economic performance, environmental quality and social responsibility, which it pursues simultaneously and in parallel. DSM has annual net sales of about EUR 8 billion and employs some 22,700 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam. More information:[ www.dsm.com ]

 For more information: DSM Corporate Communications DSM Investor Relations Herman Betten Hans Vossen tel. +31 (0) 45 5782017 tel. +31 (0) 45 5782864 fax +31 (0) 45 5740680 fax +31 (0) 10 4590275 [ e-mailmedia.relations@dsm.com ][ e-mailinvestor.relations@dsm.com ]

[HUG#1420467]

Press release-pdf: [ http://hugin.info/130663/R/1420467/370057.pdf ]