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DSM is expanding its innovation activities in the area of formulated coatings and composites with the formation of DSM Functional Materials Business Unit.
DSM explain that the new business unit will integrate the activities of its Desotech Business Unit and will focus on market trends pointing toward more environmentally friendly and lighter-weight materials. It will continue to focus on UV-curable materials and will pay specific attention to high-growth economies, while also targeting additional high-growth areas for its innovation efforts, including:
said Henk-Jan Koenen, Business Unit Director DSM Functional Materials and previous Business Unit Director DSM Desotech..’ Sustainability will continue to be our innovation driver and our portfolio will strongly reflect DSM’s commitment to the ‘triple-p’ bottom line approach-people, planet, profit. For starters, we will aim for a major portion of sales to fall under the DSM ECO+ definition by 2015. Secondly, much more than in the past, we will actively pursue partnerships and venturing to grow our efforts beyond what could traditionally be accomplished in our own strength. It will be exciting times for our new Business Unit.”” driving focused growthThis development fits perfectly with all four growth drivers of the strategy ‘DSM in motion: “”
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