DSM Engineering Plastics (Sittard, the Netherlands) has made known its intent to relocated its global headquarters from the Netherlands to Asia. The company views managing the business as close as possible to markets exhibiting the strongest growth as being essential, and two of these markets happen to be China and India. Singapore is thought to be a strong candidate to host the headquarters.
In related news, DSM opened a regional hub in Singapore to provide support to its businesses in Asia Pacific countries excluding India and China. In 2009, these countries accounted for 25% of DSM's overall revenue....