DSM to Complete Divestment Program Through Sale of DSM Elastomers business

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“We look forward to welcoming DSM’s professional EPDM team as well as its impressive assets to our core synthetic rubber activities,” said Axel C. Heitmann, Lanxess CEO. “The transaction will also be an important step towards our goal of achieving roughly EUR 1.4 billion EBITDA pre exceptionals in 2015.”

Nico Gerardu, Member of the DSM Managing Board and responsible for the Base Chemicals and Materials cluster, commented: “Despite very challenging market conditions since we announced our intention to divest DSM Elastomers, we succeeded in announcing this sale within the timeframe of Vision 2010, as originally planned. I am very pleased that Lanxess has agreed to become the new owner for DSM Elastomers as there is a great strategic fit. I would like to thank all DSM Elastomers employees for their ongoing support and substantial contribution to DSM.”

Synthetic rubber polymer business achive sales of about EUR 380 million

DSM Elastomers produces a range of synthetic rubber polymers (ethylene propylene diene monomer or EP(D)M, under the brand name Keltan. EP(D)M is used in many products, such as cars and other transportation vehicles, white goods, various industrial products and construction materials. It is also used as a motor-oil additive and waterproof covering for roofs. Production plants for Keltan are based in Sittard-Geleen (Netherlands) and Triunfo (Brazil). The business is expected to achieve sales of about EUR 380 million in 2010.

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