DSM discussing sale of iodine unit

By staff reporter

- Last updated on GMT

Related tags: 1920

DSM is mulling the next step in its Vision 2010 strategy and has
announced that it is in discussions with Sociedad Química y Minera
de Chile over the sale of its Minera iodine unit.

Minera forms part of the DSM Fine Chemicals business group and has iodine and iodine derivatives facilities in Chile.

A spokesman for DSM told NutraIngredients.com that iodine has become more of a stand-alone business unit since the company started to shift its direction away from commodities towards specialty products in 2000.

The biggest step it has taken to this end include the acquisition of Roche's Vitamins & Fine Chemicals business, subsequently renamed DSM Nutritional Products, in 2003. Other divestments have taken place, including the sale of its 50 stake in the South African yeast products manufacturer Rymco, to its joint venture partner Daniel Mills & Sons for €39 million in July 2004.

DSM, which has its headquarters in The Netherlands, has annual sales of around €8 billion. The Vision 2010 strategy is driven by growth in the specialties market, innovation and increasing presence in emerging economies.

The original strategy was launched in 2000 and called Vision 2005. This aimed to generate €10 billion in 2005. In fiscal 2004, the group's overall turnover was €7.75 billion.

This was renewed in October 2005 with a new five year plan which aims to increase the role of specialty products to 50-60 per cent of sales, up from 40 per cent currently, helped by acquisitions in nutrition and performance materials, as well as accelerating its innovation programmes in these fields.

Related topics: Suppliers, Minerals

Related news

Related products

show more

Total Solutions for Cognitive Health by Lubrizol

Total Solutions for Cognitive Health by Lubrizol

Lipofoods, a Lubrizol Company | 05-May-2022 | Technical / White Paper

Globally, health and wellbeing have shifted from a focus on physical health and nutrition to also include cognitive and mental wellness, therefore consumers...

Trending solutions for immunity beverages

Trending solutions for immunity beverages

Prinova Europe Limited | 12-Apr-2022 | Technical / White Paper

One of the effects of COVID-19 has been to increase consumer interest in beverages with functional benefits, particularly for immune health.

Alesco, the Sucrosomial® company

Alesco, the Sucrosomial® company

Alesco S.r.l. | 29-Mar-2022 | Product Brochure

Alesco raw materials and functional ingredients offer unique, scientifically proven characteristics, suited for a wide range of needs in the pharmaceutical,...

Follow us

Products

View more

Webinars