In a bid to step-up presence in emerging economies, Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, recently opened a new manufacturing facility for producing engineering plastics compounds in India. The plant, which is the largest polyamide and polyester compounding facility in India, located at a 25 acre site at MIDC Ranjangaon industrial zone, about 60 kilometers from Pune, triples capacity for the production of Akulon® PA6, Arnite® PBT and PET and Stanyl® PA46. Materials produced by the facility are used in manufacturing molded components for the automotive, electrical and electronics and consumer goods industries.
An increased presence in emerging economies is one of the key strategic drivers of DSM's Vision 2010 strategy. India, with an average GDP growth of nearly 7% in the past ten years, is an important part of this strategy, the company said in a release. Earlier, DSM Engineering Plastics' were involved with the Tata Nano car project. DSM's engineering plastics have been approved for more than 20 parts in under the bonnet components as well as parts for transmission.