DSM, Dow still bullish on expansion

GUANGZHOU: Global economic woes are not deterring some global chemical giants from expanding their presence in China, where they think the long-term fundamentals remain solid.

Netherlands-based DSM, which recently started operations of a new factory in the Pearl River Delta boomtown of Shunde, said it will put its China campus into operation in the coming months as scheduled.

The 20-million-euro Shunde facility specializes in the production of waterborne acrylic resins for the China market, while the DSM China campus, also the new headquarters of DSM China, will become the firm's largest R&D facility outside Europe and the United States.