as euronext dsm otcqx rdsmy industry chemicals founded 1902 ; 114 years ago 1902 headquarters heerlen netherlands key people feike sijbesma ceo geraldine matchett cfo rob j. routs chairman of the supervisory board products nutritional ingredients specialty food ingredients engineering plastics dyneema coatings biomedical materials biomass conversion technology solar efficiency technology . revenue 7.722 billion 2015 1 operating income 573 million 2015 1 profit 88 million 2015 1 total assets 11.473 billion 2015 1 total equity 5.541 billion 2015 1 number of employees 20 750 2015 1 website www.dsm.com dsm headquarters heerlen the netherlands 2011 koninklijke dsm n.v. royal dsm commonly known as dsm is a dutch multinational active in the fields of health nutrition and materials . headquartered in heerlen at the end of 2015 dsm employed 20 750 people in 50 countries and posted net sales of 7 722m . 1 contents 1 organization 1.1 nutrition 1.2 materials 1.3 innovation center 2 current strategy 2.1 financial targets 2.2 environmental targets 3 shares 4 history 4.1 acquisitions 4.2 divestments 4.3 partnerships 5 world food programme wfp 6 references organization edit dsm s 5 business groups are clustered according to product and market combinations with the business group directors reporting directly to the managing board . since 2015 dsm s activities are grouped into three clusters nutrition materials and innovation center . nutrition edit the nutrition cluster is made up of dsm nutritional products and dsm food specialties . dsm nutritional products produces essential nutrients such as synthetic vitamins carotenoids nutritional lipids and other ingredients for the feed food pharmaceutical and personal care industries . dsm food specialties manufactures food enzymes cultures yeast extracts savory flavors hydrocolloids and other specialty ingredients for the dairy baking beverage and savory segments . materials edit the materials cluster is made up of dsm engineering plastics dsm dyneema and dsm resins & functional materials . dsm engineering plastics specialty plastics are used in components for the electrical and electronics automotive flexible food packaging and consumer goods industries . dsm dyneema is the inventor manufacturer and marketer of dyneema . dsm resins & functional materials manufacture resins solutions for paints inks stereolithography and industrial and optical fiber coatings . innovation center edit in addition to the role of supporting innovation in the businesses and dsm s venturing activities the innovation center is responsible for the company s emerging business areas ; dsm biomedical biomaterials and regenerative medical devices dsm bio based products & services biomass conversion technology and dsm advanced surfaces ar coatings and photovoltaic films for solar modules . current strategy edit financial targets edit in november 2015 dsm announced that up to 2018 it was targeting a high single digit annual percentage increase in ebitda and a high double digit annual basis point increase in return on capital employed roce . it will focus on organic sales growth reducing costs and strict capital allocation and does not expect to engage in large acquisitions in the near future . 2 environmental targets edit within its corporate strategy the company also defines long term sustainability aspirations which include targets to improve the eco efficiency of its operations . in november 2015 dsm set the following environmental reduction targets indicators new targets ghg efficiency improvement 45 % by 2025 reference 2008 energy efficiency improvement 1 % annually 10 % from 2015 2025 renewable electricity 50 % by 2025 reduction of emissions to air per unit of product voc nox so2 40 % in 2020 reference 2015 waste 80 90 % recycled by 2020 water water risk assessments completed on 90 % of selected sites by 2020 since 2010 3 the short 1 and long term incentive 1 elements of the remuneration of dsm s managing board 4 and executive bonuses 5 relate to the company s financial and environmental performance in equal measure . since 2004 6 dsm has been either the materials industry group leader 6 years or among the leaders also 6 years in the annual dow jones sustainability index . shares edit dsm is listed on euronext amsterdam and is a constituent of the aex index . options on dsm shares are traded on the european option exchange in amsterdam . in the usa a sponsored unlisted american depositary receipts adr programme is provided by deutsche bank trust co. americas . these adr s are listed on the otcqx international premier marketplace . history edit dsm was formed by the dutch state in 1902 to mine coal reserves in southern limburg and although the company had diversified into commodity chemicals and petrochemicals by 1973 when the last mine closed dsm retains a link to its origins by continuing to use the initials of the original nederlandse staatsmijnen dutch state mines 7 to this day . in 1989 the government floated 70 % of its shares in the company on the amsterdam stock exchange now euronext amsterdam with the remaining 30 % floated in 1996 thereby completing dsm s privatization . the 21st century has seen dsm follow successive five year strategic periods of portfolio transformation and internationalization involving acquisitions divestments and partnerships . 8 9 in 2001 dsm reported 48 % of its workforce was based in the netherlands in 2015 this was 23 % . 1 acquisitions edit 1998 gist brocades food ingredients pharmaceuticals yeast and enzyme based production process technology . 10 2000 catalytica pharmaceuticals pharmaceutical intermediates . 9 2003 roche s vitamin division . 9 2005 neoresins water based coating resins . 9 2011 martek nutritional products derived from microalgae and fermentation technology . 9 2011 vitatene natural carotenoids derived from fermentation of blakeslea trispora fungus . 11 2012 verenium s food enzymes and oilseed processing business . 12 2012 kensey nash biomedical regenerative medicine . 13 2012 ocean nutrition canada fish oil derived nutritional products . 14 2012 cargill s cultures and enzymes business . 15 2012 fortitech customized nutrient premixes . 16 2013 unitech micronutrient premixes and macronutrient blends . 17 2013 andre pectin food hydrocolloids . 18 2013 tortuga nutritional supplements for pasture raised cattle . 19 2015 aland vitamin c . 20 2015 cubic tech high performance ultra lightweight flexible laminates and fabrics . 21 divestments edit 2002 petrochemicals hydrocarbons polyethylenes polypropylenes polyolefins . 22 2010 ammonia fertilizer and melamine . 23 2010 thermoplastic elastomers . 24 2010 ep d m rubber . 25 2010 toluene oxidation . 26 partnerships edit dsm has stated that these partnerships have been created with a view to it ultimately exiting the businesses concerned . citation needed 2009 dsm and ncpc sign contracts to establish nutrition and anti infectives joint ventures in china 27 2011 dsm sinochem pharmaceuticals joint venture dsm 50 % with the sinochem group . dsm sinochem pharmaceuticals is a manufacturer of generic anti infective molecules . 2014 patheon joint venture dsm 49 % with jll partners . patheon is a full service pharmaceutical manufacturing and development company . 2015 chemicainvest joint venture dsm 35 % with cvc capital partners . chemicainvest consists of three business units ; aliancys composite resins anqore acrylonitrile and fibrant caprolactam . dsm has applied ifrs 11 to its associates and joint ventures since 2013 . in the summer of 2015 patheon filed a registration statement form s 1 with the us securities and exchange commission sec preparing itself for a public offering . to date neither the timing of such a public offering nor the number of shares nor price have been confirmed . world food programme wfp edit dsm became a wfp private sector partner in 2007 forming the improving nutrition improving lives partnership to lend expertise in improving the nutritional value of the food wfp distributes to those in need . wfp receives dsm s technical and scientific knowledge in the field of high nutrient products as well as financial assistance . the partnership focuses on developing new and improved nutritious products such as micronutrient powders and fortified rice that help wfp deliver not just more food but also provide the nutrients necessary to fight hunger and prevent micronutrient deficiencies in vulnerable communities . 28 references edit a b c d e f g h i j annual report 2015 . dsm . retrieved 1 march 2016 . groningen elco van . dsm to cut up to eu300 million in costs exit joint ventures . bloomberg.com . retrieved 2016 03 09 . milne richard ; steen michael 2010 02 23 . dsm to link managers pay with green credentials . financial times . issn 0307 1766 . retrieved 2016 03 09 . paolo perego associate professor department of accounting & control rotterdam school of management erasmus university . sustainability bonuses a credible sign of corporate responsibility . discovery.rsm.nl . retrieved 2016 03 09 . cs1 maint multiple names authors list link business get your bonus nah i missed my climate target . www.eenews.net . retrieved 2016 03 09 . dsm klm rank high in annual dow jones sustainability index biofuels digest . www.biofuelsdigest.com . retrieved 2016 03 09 . messing f.a.m. 1988 . de mijnsluiting in limburg . leiden nijhoff . p. 224 . isbn 90 6890 241 5 . volberda henk 2013 . re inventing business . assen van gorcum . p. 270 . isbn 978 90 232 5146 0 . a b c d e jeannet jean pierre schreuder hein 2015 . from coal to biotech the transformation of dsm with business school support . berlin heidelberg springer verlag . pp. 198 207 215 233 . isbn 978 3 662 46299 7 . cassiman bruno ; colombo massimo g 2006 . mergers & acquisitions the innovation impact . cheltenham edward elgar publishing . p. 145 . isbn 978 18 472 0158 4 . dsm completes acquisition of vitatene s.a.u. . allaboutfeed . retrieved 2016 03 08 . dsm acquires verenium assets . www.cancernetwork.com . 2012 03 28 . retrieved 2016 03 08 . jones kristin . royal dsm to buy kensey nash for 337m . marketwatch . retrieved 2016 03 08 . steinglass matt 2012 05 18 . dsm to acquire canadian nutrition group . financial times . issn 0307 1766 . retrieved 2016 03 08 . cargill confirms signing of agreement with dsm on sale of cultures and enzymes business . www.cargill.com . retrieved 2016 03 08 . nutraingredients.com . dsm buys fortitech for 495m ; we are done for awhile . nutraingredients.com . retrieved 2016 03 08 . nz ministry of business innovation and employment . www.business.govt.nz . retrieved 2016 03 08 . dsm closes acquisition of andre pectin s stake quick facts . rttnews . retrieved 2016 03 08 . andrew noel . dsm buys animal nutrition supplier tortuga for 576 million . bloomberg.com . retrieved 2016 03 08 . feednavigator.com . vitamin c supply aland deal won t change dsm s global ranking . feednavigator.com . retrieved 2016 03 08 . mesa s cubic tech corp. purchased by dutch company . azcentral . retrieved 2016 03 08 . gulf industry online sabic gets world boost . www.gulfindustryworldwide.com . retrieved 2016 03 15 . history of oci nitrogen . www.ocinitrogen.com . retrieved 2016 03 08 . teknor apex company has acquired the sarlink tpv product range . www.teknorapex.com . retrieved 2016 03 08 . press releases lanxess news . lanxess.com . retrieved 2016 03 15 . emerald performance materials completes acquisition of dsm specialty products bv . www.emeraldmaterials.com . 2010 . retrieved 2016 03 08 . http www.dsm.com corporate media informationcenter news 2009 03 20 09 dsm ncpc sign contracts to establish nutrition and anti infectives joint ventures in china.html united nations world food programme dsm improving nutrition improving lives partnership . www.wfp.org . retrieved 2016 03 08 . companies portal v t e aex companies of the netherlands aegon ahold air france klm akzo nobel aperam arcelormittal asml boskalis corio dsm fugro heineken ing kpn philips postnl randstad relx royal dutch shell sbm offshore tnt express unibail rodamco unilever wolters kluwer retrieved from https en.wikipedia.org w index.php title dsm company & oldid 730262226