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DSM (company)

 
DSM (company)

 
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DSM (company)
 
 
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DSM (in full Koninklijk
Koninklijk

Koninklijk or Koninklijke is an Title of honor given to certain companies and non-profit organizations in Belgium and the Netherlands, by the King or Queen in the respective country....
e DSM N.V., or Royal DSM N.V.) is a multinational company specialized in Life Sciences and Materials Sciences. Its headquarters are in Heerlen, the Netherlands
Netherlands

The Netherlands is a country that is part of the Kingdom of the Netherlands. It is a parliamentary democratic constitutional monarchy. The Netherlands is located in North-West Europe, and bordered by the North Sea to the north and west, Belgium to the south, and Germany to the east....
. Originally a state-owned coal mining company (Dutch State Mines/De StaatsMijnen), the activities of DSM are now grouped into five clusters: Nutrition, Pharma, Performance Materials, Polymer Intermediates and Base Chemicals and Materials.

Name
The name DSM is actually derived from the English language, it is the acronym of the translation of the Dutch name; De Nederlandse Staatmijnen translated into Dutch State Mines (DSM).






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DSM (in full Koninklijk
Koninklijk

Koninklijk or Koninklijke is an Title of honor given to certain companies and non-profit organizations in Belgium and the Netherlands, by the King or Queen in the respective country....
e DSM N.V., or Royal DSM N.V.) is a multinational company specialized in Life Sciences and Materials Sciences. Its headquarters are in Heerlen, the Netherlands
Netherlands

The Netherlands is a country that is part of the Kingdom of the Netherlands. It is a parliamentary democratic constitutional monarchy. The Netherlands is located in North-West Europe, and bordered by the North Sea to the north and west, Belgium to the south, and Germany to the east....
. Originally a state-owned coal mining company (Dutch State Mines/De StaatsMijnen), the activities of DSM are now grouped into five clusters: Nutrition, Pharma, Performance Materials, Polymer Intermediates and Base Chemicals and Materials.

Name


The name DSM is actually derived from the English language, it is the acronym of the translation of the Dutch name; De Nederlandse Staatmijnen translated into Dutch State Mines (DSM). This company was regularly in the news in the late 1960s, because of the Dutch government's decision to close all the (state)mines. In 1973, after the last mine was closed, the company decided to carry the acronym as its name.

Company information

DSM’s products and services are used globally in a wide range of markets and applications. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrical and electronics, life protection and housing. The company strategy focuses on accelerating profitable and innovative growth of the company’s specialties portfolio. DSM has annual net sales of EUR 9.3 billion and employs some 23,500 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam.

History


DSM was established in 1902 as a state coal mining
Coal mining

Coal mining is the extraction or removal of coal from the earth by mining. When coal is used for fuel in power generation it is referred to as steaming or thermal coal....
 company. Through the years the company focussed not only on mining, but also on the chemical sector. Due to the closure of all the mines and the unemployment that followed, the Dutch government stimulated the chemical plants, to provide jobs for the miners.

In 1989 DSM was privatized, and started its first sale of the company's common shares to public investors. In 2002 the company sold their petrochemical division (the naphtha crackers) to SABIC
SABIC

SABIC is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. It is the largest public company in Saudi Arabia as listed in Tadawul, but the Saudi government still owns 70% of its shares....
 of Saudi Arabia. Also in 2002, DSM acquired the nutritional products (amongst others vitamin
Vitamin

A vitamin is an organic compound required as a nutrient in tiny amounts by an organism. A compound is called a vitamin when it cannot be biosynthesis in sufficient quantities by an organism, and must be obtained from the diet....
s) division of Roche
Hoffmann-La Roche

F. Hoffmann?La Roche, Ltd. is a Switzerland global health-care company that operates world-wide under two divisions: Pharmaceutical companys and Roche Diagnostics....
. In 2005 NeoResins, the coating resins business of Avecia was purchased.