DSM plans to divest non-core businesses
October 16, 2007
by Jeff Gelski
, Heerlen, The Netherlands, will accelerate its shift to a life sciences and materials sciences company and plans to divest its non-core businesses and search for acquisitions in core business areas. The company stated its intentions Sept. 27 while giving a mid-term evaluation on its "Vision 2010 – Building on Strengths" strategy.
In life sciences, DSM is active in nutrition and pharmaceuticals. DSM Food Specialties is within DSM’s Nutrition cluster.
"DSM’s specialty life sciences and materials science businesses are serving rapidly growing societal needs, particularly in areas such as improving nutrition, health and the environment and enhancing people’s quality of life," DSM said.
DSM added it has raised its organic sales growth target to more than 5% per year and raised its sales target for China in 2010 to $1.5 billion from $1 billion.
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