/PRNewswire/ – Royal DSM, a global science-based company active in health, nutrition and materials, is pleased to announce a new, multi-year agreement between Corning Incorporated, a world leader in optical fiber, and DSM, the world leader in cutting-edge optical fiber coatings, that will provide best in class fiber solutions to the telecommunications industry.
“We are pleased to renew our strategic relationship with DSM,” says Barry Linchuck, Corning’s Division Vice President, Optical Fiber Marketing and Product Line Management. “The combination of our advantaged optical fiber and an exclusive coating technology provided by DSM solely to Corning will deliver high performance optical fiber with low attenuation and microbending resistance to the telecommunications industry.”
“Our business has always been focused on enabling new and innovative products for our customers and the telecommunications industry,” says Rob Crowell, President DSM Functional Materials. “Developing and enabling intellectual property is a key component of our strategy and we are excited to advance the telecommunications industry with Corning.”
The separation is expected to be completed by early Q3, following the receipt of all relevant approvals, including final Board approval. Nouryon intends to reduce its own debt with proceeds received from a planned external financing by Nobian.
Trinseo became a producer of the resin when it acquired Arkema’s PMMA business. It announced that it closed on the €1.14bn deal earlier this month.
As part of the EU’s Single-Use Plastic Directive (SUPD), it will become mandatory for caps and lids to remain attached to all beverage containers up to three liters in capacity from 2024.