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DSM reports strong third quarter growth to €2.3bn


DSM says strong growth in its Polymer Intermediates division has helped push sales up 5% to €2.3bn in the third quarter.
Compared to 2010, Q3 ebitda increased 16% to €339m and net profit before exceptional items went up 16%.
The Polymer Intermediates division saw the biggest growth in net sales – 39% - driven by good margins and an excellent manufacturing performance, says DSM. Volumes were higher than Q3 2010, thanks to yield improvements in operations in caprolactam and acrylonitrile, and the company increased prices 26%.
In the Performance Materials division, net sales grew 7% to €711m due to price hikes for engineering plastics and resins.

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