DSM: Тарихы, трансформациясы және қазіргі қызметі

Dutch multinational corporation

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, originally an abbreviation for Dutch State Mines, to this day. During World War II researchers worked on penicillin. The code name Bacinol was used to keep the research secret from the Germans. The research was done at the company Nederlandsche Gist en Spiritusfabriek, Dutch Yeast and Spirits Factory, later becoming DSM Sinochem Pharmaceuticals, in Delft. 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. 2000: Catalytica Pharmaceuticals (pharmaceutical intermediates). 2003: Roche's vitamin division. 2011: Vitatene (natural carotenoids derived from fermentation of Blakeslea trispora fungus). 2012: Verenium's food enzymes and oilseed processing business. 2012: Kensey Nash (biomedical regenerative medicine). 2012: Ocean Nutrition Canada (fish oil derived nutritional products). 2012: Cargill's cultures and enzymes business. 2012: Fortitech (customized nutrient premixes). 2013: Unitech (micronutrient premixes and macronutrient blends). 2013: Andre Pectin (food hydrocolloids). 2013: Tortuga (nutritional supplements for pasture raised cattle). 2015: Åland (vitamin C). 2015: Cubic Tech (high performance, ultra lightweight, flexible laminates and fabrics). 2020: Erber Group – Biomin and Romer Labs (mycotoxin and allergen tests in food). 2020: Glycom (human milk oligosaccharides, infant formula supplement). 2021: Amyris Flavor & Fragrance business.

DSM's five 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 have been grouped into three clusters: Nutrition, Materials and Innovation Center.

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, human milk oligosaccharides, 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. DSM also manufacturers a novel cattle feed additive (Bovaer) to reduce methane production from dairy production. In 2021, DSM was ranked 6th on FoodTalks' list of Top 30 Global Probiotic Food Ingredient Companies.

The Materials cluster is made up of DSM Engineering Materials, DSM Protective Materials and DSM Resins & Functional Materials. DSM Engineering Materials’ specialty plastics are used in components for the electrical and electronics, automotive, flexible food packaging and consumer goods industries. DSM Protective Materials 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.

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 Solar (AR coatings and Photovoltaic films for solar modules).

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.

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 US, 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.