HEERLEN, Netherlands, July 2, 2014 (GLOBE NEWSWIRE) -- Royal DSM, the global Life Sciences and Materials Sciences company, today reports a fire at a utilities building of one of its intermediates production plants in Sisseln, Switzerland, which occurred about a week ago. There was only equipment damage; at no time has there been any impact on personal safety, the environment or public health. The production of a few intermediates, mainly for Animal Nutrition & Health, has been interrupted. Impact to customers is expected to be minimal.
The majority of the estimated impact of €20-25 million is covered by insurance. An amount of €15 million will be covered by DSM Insurances' captive insurance and will be recognized as part of Corporate Activities in DSM's Q2 results due to be published on 5 August 2014.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders simultaneously. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM's 24,500 employees deliver annual net sales of around €10 billion. The company is listed on NYSE Euronext. More information can be found at www.dsm.com.
Or find us on:
For more information:
| DSM Corporate Communications Herman Betten tel.+31(0)455782017 |
| DSM Investor Relations Dave Huizing |
tel. +31 (0) 45 5782864
Press release-pdf http://hugin.info/130663/R/1810833/625300.pdf