DSM and NHU form JV to produce polyphenylene sulphide plastics compounds in China
Canadian PlasticsMaterials Royal DSM
Material supplier Royal DSM has partnered with China-based NHU to develop and market high performance engineering plastics compounds based on polyphenylene sulphide.
Named DSM NHU Engineering Plastics (Zhejiang), the joint venture will be 60%-owned by DSM, while NHU will hold the remainder.
The JV will produce various engineering plastic compounds based on PPS polymer supplied by NHU from its existing plant in Zhejiang. It will serve automotive, electrical and electronics, as well as industrial markets.
The addition of PPS products to its portfolio will strengthen DSM’s position as a preferred solutions provider and enhance its offering in the engineering plastics segment, DSM said in a statement. DSM already offers Stanyl polyamide 46 and Stanyl ForTii polyamide 4T.
The transaction is expected to close within a few months, subject to regulatory approvals.
NHU produces food additives, feed additives, polymers and materials, and flavours and aromas.
The JV is the second such partnership deal made by Netherlands-based DSM within the past seven days. Earlier this week, DSM signed a deal with Ascend Performance Materials to supply polyamide 66 based polymers, to produce Akulon PA66 compounds for engineering plastics applications.