DSM sees healthy growth in Chinese market

Despite China's slowing economy, Royal DSM NV, the Netherlands-based nutrition and material sciences company, said it will continue its investment in the country as affluent consumers are willing to pay more for their health.


Human and animal nutrition businesses in China have potential for high growth. With disposable incomes rising, "Chinese are more health-conscious than ever", Feike Sijbesma, the company's chief executive officer, told China Daily on the sidelines of the Summer Davos in Tianjin, the World Economic Forum's annual China event that ended on Tuesday.


Animal feed additives constitute a growing business in China as good-quality meat and eggs are becoming essential parts of people's diet. Feed additives are also a good way to address China's food safety issue, he said.


DSM plans to invest in the fields of production, research and development, and will hire locally, he said.


"Many people are concerned that the Chinese economy isn't growing as fast as before, but I think it's still a mid-and-high growth, and no other country can compete (on the same scale)," he said.


Earlier this month, the Dutch firm opened a factory in Shanghai to make vitamin B6 products. It is its largest manufacturing base. The company will also export the products to other markets.


The article transsshipment from China Daily