Neville Prior 8 November 2011 11:40:22 AM
DSM Coating Resins, a business unit of Royal DSM N.V., has outlined plans to align the organization with its sharpened strategic focus on its core coating and graphic arts resins markets. As part of these plans, the business unit aims to capture additional synergies from the merger of two business units (formerly known as DSM Powder Coating Resins and DSM NeoResins+) announced earlier this year. At the same time, DSM aims to further improve the financial performance of this newly formed business unit, which is necessary also due to the challenging economic circumstances and weak Building & Construction markets especially in Europe and North America. As a result of the alignment, the number of worldwide positions at DSM Coating Resins will be reduced by 150 FTE. This will allow the company to effectively and efficiently continue to grow its position as the leading coating resins supplier for developing innovative building blocks for sustainable coating systems. Patrick Niels, Business Unit Director, DSM Coating Resins, comments: "DSM Coating Resins will continue its drive to develop resins for innovative, sustainable coating solutions, such as water-based, powder and UV coating systems. In order to do that, we need to ensure sufficient financial returns. This organizational alignment will address our cost base, as well as sharpen our focus on developments in our core technologies and segments. This will allow us to continue to invest in developing innovative sustainable resin systems for our customers, while at the same time safeguarding our returns also in an economically challenging environment."