Royal DSM, the global life and materials science company, plans to increase its sales in China from last year"s $1.7 billion to $3 billion by 2015, Ivo Lansbergen, president of DSM Engineering Plastics Asia Pacific, said on Wednesday.
The sales increase will be echoed by an effort to complete the company"s $1 billion investment plan in China by 2015, Lansbergen said.
"The goal will be achieved also by its presence of new sustainable and innovative solutions in the Chinese market,"he said.
The solutions, which cover automotive, electrical, electronics, flexible food packaging, consumer goods and building materials industries, will address key global challenges, he said at the Chinaplas 2014 which opened at the Shanghai New International Expo Center on Wednesday.
"DSM, a Netherlands-based company, is committed to contributing to the ambitions of China and will continue to invest in China,"Feike Sijbesma, the company"s chief executive officer, said at the Netherlands-China trade and economic forum held in the Netherlands last month.
DSM sees great opportunities in China and tries to do everything it can to expand business there, Lansbergen said.
To meet China"s growing needs, DSM provides a broad portfolio of high-performance materials, including greener, smarter and smaller electronics, lighter and friction-reducing auto parts and innovative packaging designs, the company said.
Five DSM seminars will be held at the show to answer market trends in automotive, electrical, electronics and consumer goods industries.
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