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DSM will augment its Asian presence in composite resins such as unsaturated polyester and vinyl esters. In China, its Jinling DSM Resins joint venture will invest about $70 million in a new facility in Nanjing that will replace an existing plant. DSM owns 75% of the venture; Sinopec holds the other 25%. DSM expects to complete the project early next year. In addition, DSM plans to establish a composite resins joint venture in India with Kemrock Industries. DSM will own 51% of the Pune-based partnership, which plans to invest $25 million.
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