Dutch firm Koninklijke eyes India assets

Dutch speciality chemicals maker Koninklijke DSM NV (DSM), which has a war chest of $3.5 billion to spend on acquisitions globally, is looking to pick up assets in India. Feike Sijbesma, global CEO, DSM, said: “We have great growth potential in this country. This will be the topmost growth market for us.” He has identified nutrition and sustainability within sectors such as new energy as the focus areas for the company. Besides scouting for inorganic growth, the company is also investing in greenfield projects in India. On Tuesday, it opened its second plant in Jadcherla, Telangana. Ravindra Vyawahare, DSM Animal Nutrition and Health, business unit director for South Asia, DSM, said: “We see strong potential for growth in the animal premix industry. The Jadcherla plant shows our willingness to support further development as it gives us far greater geographic reach and increases our production capacity to meet the growing industry demands.”