DSM Composite Resins AG, assisted by Stamicarbon, signs license agreement Hitech Industies FZE for resin technology

Schaffhausen/Dubai, April 2, 2007 - DSM Composite Resins AG and Hitech Industries FZE announced today that the two companies have recently signed a license agreement for resin technology. This partnership will enable Hitech Industries FZE to manufacture and sell a range of high quality unsaturated polyester resins for piping applications in Middle East markets based on DSM's state-of-the art resin technology.

DSM Composite Resins AG is the largest producer of structural resins in Europe and World's largest producer of sizings and binders for the glass reinforcement industry. DSM Composite Resins' Structural resins division develops and produces high quality, technically innovative resins and gelcoats, serving industrial customers via Customer Competence Centers and own European distribution network Euroresins. DSM Composite Resins is also growing rapidly in Asia where the business is taken care of by the Structural Resins Asia division. Furthermore, DSM Composite Resins cooperates worldwide with strategic partners on selected production and distribution of (licensed) DSM product technology.

Hitech Industries FZE, is a part of a multinational Group, having Business Interest in Various Countries viz. UAE, Tanzania, South Africa, CIS, India and Europe, for manufacturing Automobile Ancillaries, Aluminium Extrusions, Polyurethane Foam, Edible Oil refining, Plastics, Synthetic Resins & Paints. Established in 1991, Hitech Industries FZE, operates a State of art Synthetic Resin Plant in Dubai, UAE, and over the years has become one of the largest supplier of synthetic resins to the end users in the Gulf and East African region. Hitech Industries FZE exports more than 25 varieties of its product to 14 Countries around the Globe and enjoys "Preferred Supplier" status with its Multinational customers.

DSM is active worldwide in nutritional and pharma ingredients, performance materials and industrial chemicals. The company creates innovative products and services that help improve the quality of life. DSM's products are used in a wide range of end markets and applications such as human and animal nutrition and health, cosmetics, pharmaceuticals, automotive and transport, coatings, housing and electrics & electronics (E&E). DSM's strategy, named Vision 2010 - Building on Strengths, focuses on accelerating profitable and innovative growth of the company's specialties portfolio. Market-driven growth, innovation and increased presence in emerging economies are key drivers of this strategy. The group has annual sales of over EUR 8 billion and employs some 22,000 people worldwide. DSM ranks among the global leaders in many of its fields. The company is headquartered in the Netherlands, with locations in Europe, Asia, Africa and the Americas.