Wednesday, November 13, 2019

Royal DSM eyes 1% growth as it enters Thailand

May 29. 2019
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By The Nation

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Royal DSM, a global leader in nutrition, health and sustainable living, is entering the Thai market in a move to further build its established presence of over 30 years.

 

 

 

With the aim of deepening its connection to Thailand, the DSM office will serve as a catalyst for growth, signalling the company’s intent to further develop its operations in the country, where it has projected a growth of over 1 per cent. 

During the official opening on Wednesday, Pieter Nuboer, president of DSM Nutritional Products in Asia-Pacific, said Thailand is its fifth largest market in Asia and the opening of its new facilities clearly signals long-term commitment. 

“Attracting and retaining the best talent is key to driving innovation in close collaboration with our loyal customer base in Thailand and Indochina,” he said.

Growth potential in Thailand spans across the DSM portfolio, with products, services and solutions from both the nutrition and materials arms of the business. 

More specifically, the increase in demand for fish and fish-based products in Southeast Asia has seen the region account for over a third of the world’s aquaculture production, with a significant rise in aquaculture industry in Thailand. 

Last year, DSM also announced its collaboration with Starboard, a leading water-sports company based in Thailand, where DSM’s Akulon® RePurposed resin – fully recycled from discarded nylon-based fishing nets – is used as a component in surfboards.

The move also reconfirms DSM’s dedication to Thailand and Southeast Asia to contribute to the automotive, electrical, electronics and local industrial segments as well as assisting customers from both within Thailand and surrounding countries with application development and technical support.

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