DSM - DYO Manufacturing Collaboration for Unsaturated Polyesters in Turkey takes off

DSM announced recently to have acquired via its subsidiary - Euroresins Turkey, the Unsaturated Polyester (UP) resins business of Dyo Boya Fabrikalari Sanayi ve Tic. A.S. (DYO).

As of October 5th 2010, (DYO) has officially transferred its UP resin business to Euroresins Kompozit Ürünler Tic. Ltd. Sti, (Euroresins Turkey). In addition both parties have signed a long term tolling agreement to support local manufacturing of the DSM specialty UP resins portfolio for the Turkish markets.

As to the scope of this collaboration, DYO will continue to manufacture all Dewilux and Dewester branded polyester resins to be sold by Euroresins Turkey in the local market and surrounding regions. Furthermore, DYO will, as of next year, toll manufacture a number of DSM's unsaturated polyester resins for Euroresins Turkey to supply the rapidly growing Turkish polyester market with the specialty product portfolio of DSM. Euroresins offers premium products from leading principals such as DSM, BÜFA Gelcoat Plus, BÜFAtec machinery, PPG Fiber Glass, SAERTEX non-crimp fabrics, Peroxides from Akzo Nobel and United Initiators, Alcan core materials, and 3B CFM (Continous Filament Mat). "This collaboration is of high strategic importance to continue our growth in Turkey and the surrounding emerging economies,” says Sertaç Sürür, managing director of Euroresins Turkey. "The collaboration agreements with DYO enable us to build on our position as premium distributor by offering reliable, local supplies and target for growth in both our standard and premium product portfolio.”

About DYO
DYO, a subsidiary of Yasar Holding group was formally established in 1955 as a manufacturer of paints and acrylics. It started its captive resin production in 1959, with polyester resin production commencing 10 years later under the "Dewilux” brand in Turkey. The company's overall net sales in 2009 was c. 110 million Euros. DYO's strategy for 2010 onwards is to focus on its core competencies and to move out of non-focus businesses such as polyester production. It has two production facilities in Gebze (near Istanbul) and Izmir, which is also the location of the company's headquarters. The Yasar Holding Group consists of 22 companies serving the coatings, food and beverage, tissue, foreign trade, energy and tourism construction industries. It has more than 6,000 employees and achieved a total net sales of 0.9 billion Euros in 2009.

About DSM Composite Resins
DSM Composite Resins is part of DSM Resins - a group within the Performance Materials cluster of DSM - and is the largest producer of structural resins in Europe and a technology leader in resins for the composites industry. The company is expanding globally, especially in China and India, targeting high added-value segments. Customers are supported via dedicated Centers of Excellence and served either directly or via its Euroresins distribution network, the largest distributor of premium products for the Composite Industry in Europe.