DSM increases investments in China

Chemicals concern DSM is to invest €20m in a new factory in China. The move is in line with its plans to achieve a $1.5bn turnover in China by 2010, the company said on Wednesday.

The factory will produce the raw materials needed to manufacture a wide range of products from paint to glue and is due to open in 2008. It will be located on DSM’s existing site in the southern province of Guangdong

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