Dutch Group Royal DSM NV has restructured its business organisation in India and will bring the engineering plastics, composite resins, Dyneema [a superstrong polyethylene fibre developed by DSM] and Food specialities businesses as four independent units under DSM India Pvt Ltd.

The Group also has plans to integrate DSM Nutritional Products, currently a separate legal entity into DSM India, and set up a full fledged innovation centre at Delhi which will be one of two such centres coming up outside of the Netherlands.

Mr Rajiv Chopra, President, DSM India and Managing Director, DSM Nutritional Products, said that the company had charted out a high growth plan for its Indian operations and will invest $25-30 million in the near future and more as the business grows.

Ramping up

“We want to treble our annual revenue from the current $ 200 million by 2015,” he said, adding that this will involve ramping up its existing business, begin manufacture of composite resins and also bringing in more products from its portfolio to address needs in health and wellness and climate and energy, the areas in which it has a presence.

The DSM-Kemrock joint venture will begin manufacture of resins at a location near Pune sometime next year. DSM recently set up a factory at Ambarnath to make nutritional products for animals and is also scouting for a location to set up a factory to make nutritional products for human consumption. “We are also working on other initiatives such as flour, sugar and dairy products fortification,” Mr Chopra said.

Following the restructuring exercise, DSM Engineering Plastics will now be headed by Mr Sanjay Jain while DSM Composites will be headed by Mr Ajay Patwardhan. Both business groups will be located in Pune. DSM Dyneema will continue as it is and will be managed by a team of business development managers, based in Mumbai.

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