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Agreement between China LumenaNew Materials and DSM

Agreement between China LumenaNew Materials and DSM
China Lumena New Materials Corporation and DSM Engineering Plastics signed a framework agreement.

The two companies agreed to further explore a potential cooperation in the marketing and sales of Stanyl polyamide 46 in China and Haton PPS outside of China. Furthermore, the companies will investigate the potential for a joint development in respect of PPS/PA46 alloys as well as other areas of cooperation.

Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials.

DSM’s 22,000 employees deliver annual net sales of around €9 billion. The company is listed on NYSE Euronext.

As a leading new materials and chemical enterprise in China, Lumena New Materials is the world’s largest PPS resin producer and one of the world’s leading thenardite producers. PPS is a special engineering thermoplastic widely used in electrical and electronic, automotive, rail transportation, environmental protection and emissions reduction, aeronautics and astronautics, and coatings applications, etc. It has been listed as one of the new materials to be developed and supported by the China’s government in its 12th Five-Year Plan.

The Company manufactures, develops and sells PPS resin, PPS compounds and PPS fibre. Equipped with the world’s largest single line production facility, the Company produces numbers of high quality thenardite products such as powder thenardite, specialty thenardite and medical thenardite. It operates four captive underground glauberite mines and is the only approved and certified producer of medical thernadite in China.

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