Royal DSM Seeking Asia Partner for Penicillin

Royal DSM NV, a Dutch life sciences and materials sciences company, is seeking a China or India partner for its penicillin operation. The goal of the transaction is an increase in Asian revenues and a simultaneous reduction in costs, according to CEO Feike Sijbesma. “Both consumption and production are moving to India and China, so it would not make sense for us to do it on our own,” said Sijbesma. “That’s why we’re seeking partnerships.” More details.... Stock Symbol: (XAMS: DSM)