DSM sells its amino coating resins business to INEOS Melamines
September 16, 2011
Royal DSM N.V. has sold its amino resins business to INEOS Melamines, a subsidiary of Switzerland-based INEOS Industries. DSM said the divestment is a logical step after it closed at the end of 2009 its production facility in the Netherlands. Ever since a supply agreement with INEOS Melamines for manufacturing melamine and benzoguanamine amino resins has been in place. As of September 1, 2011, INEOS began to market these amino resins directly. INEOS Melamines is one of the leading global producers of amino resins. For a limited period of time INEOS is allowed to use the DSM brand name Uramex for the amino products involved.