This concerns two business units that produce high-grade plastics and are located at Chemiepark Chemelot in Geleen (The Netherlands): Engineering Materials and Protective Materials (Dyneema).
Following the upcoming reorganization, DSM wants to focus completely on the areas of health, nutrition and bioscience. Three new business groups will be established for this purpose: Food & Beverages, Health, Nutrition & Care and Animal Nutrition & Health. The company refers to the growing world population and the related challenges for the food system, which also affect the health and well-being of people, animals and the planet.
According to Geraldine Matchett and Dimitri de Vreeze, Co-CEOs, DSM has a responsibility to put its resources and expertise where they can have the greatest impact. “By focusing exclusively on our health, nutrition and bioscience business, we will be able to operate more decisively and effectively and meet the growing need for better and more sustainable nutrition.”
The materials business units do not fit into this ambition. According to DSM, they “will likely not be able to maximize their full potential to drive the important industrial shift to a bio-based and circular economy.” The materials branch will therefore have to become independent. The strategic options are still under consideration, including a possible change of ownership. Earlier this year, DSM sold the Resins & Functional Materials business (sustainable resins and coatings) to the German company Covestro.
DSM will report according to the new structure as of 1 January 2022.
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