Science giant DuPont is planning to acquire and integrate Danish enzyme producer Danisco AS, a company with a sizable Penang-based subsidiary developing and producing food additives, sweeteners and sugars. The move will increase DuPont’s reach in Malaysia, and cement the company’s position as a leading global biotechnology player. Worldwide, the acquisition was worth some US$6.3 billion.
DuPont already has a presence in Malaysia, operating there since 1973 and currently employing 150 people. Its primary activities include agricultural crop protection products, polymers, chemicals, fluoroproducts, fibers, refinishes, imaging, solid materials, advance composites and packaging and industrial polymers.
Carl Lukach, President of DuPont Asia-Pacific, said his company is keen to become more involved in the oil and gas sector, as well as infrastructure related projects. Hsing Ho, the company’s sales and marketing director for ASEAN, said Malaysia is “on DuPont’s radar”, and added they would like to help others with solutions to enhance resource recoveries, such as the possibility of deeper ocean exploration.
source & article: BusinessTimes