ZWOLLE, THE NETHERLANDS - DSM Resins BV, the plastic resins division of the Dutch chemical group DSM, is considering joint-venture opportunities with a large German automotive parts molder. DSM, based in Zwolle, said April 26 it will study cooperation with Mitras Kunststoffe GmbH of Weiden, Germany, in molding, and the possibility of a takeover of Mitras' compounding operations.
Jan Krediet, spokesman for DSM Resins, said plans are in the very preliminary stages, and that any decisions could be months off. A joint venture could provide further technological development in automotive, electrical, electronic, and building and construction markets, as well as affording the opportunity for developing new applications for raw materials and compounds, Krediet said.
DSM manufactures resins for paint, coatings, printing ink and adhesives, unsaturated polyester, compounded fiber-reinforced polyesters and molded parts for the transportation industry. It has total sales of about $240 million annually, and plants in the United Kingdom, Germany, Spain and Italy.
Mitras Kunststoffe GmbH specializes in molding parts and assemblies for the automotive, electronic and electrical industries, with total sales of about $153 million.