Confident DSM sticks to China sales goal

Diversified chemicals group DSM NV remains confident of its growth in China and said it has no plans to revise the annual sales target of $1.5 billion set for 2010 despite the economic downturn.

The Dutch company sees no need to revise the target set in 2007, said Jiang Weiming, president, DSM China.

The global economic downturn has sapped demand for chemical products, putting pressure on chemical companies like DSM and its rivals such as BASF and Bayer.