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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal DSM N.V.    DSM   NL0000009827

ROYAL DSM N.V.

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Royal DSM N : DSM introduces Again™, commercial carpet designed for circularity

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06/02/2020 | 01:41am EDT

Royal DSM, a global science-based company active in Nutrition, Health and Sustainable Living, today announced that DSM-Niaga launches the Again™ carpet collection. Again™ is a commercial broadloom carpet designed for circularity and is specifically meant for office use. The carpet is unique in two ways. It is made of recycled materials and it can be recycled into new carpet after use. What's more, it meets commercial carpet highest quality standards. Products made with Niaga® technology are simple, clean and reversible thanks to our proprietary click-unclick adhesive. They contribute to healthy living and working environments. Again™ commercial office carpet is distinctively marked by our Niaga® tag and is our latest innovation designed for circularity.

In Europe alone, 1.6 billion tons of carpet is trashed annually, 95% of which ends up in landfill and incineration. Again™ is an answer to this dire situation.

Again™ commercial carpet has been designed for circularity with Niaga® technology. It is produced with just two materials, polyamide 6 and polyester. This makes it free of both volatile organic compounds (VOCs) and toxic flame retardants. What's more, Again™ carpet's face fibers and secondary backing are made of 100% recycled materials. Because of its modular design, its materials can be regained, recycled and reused, again and again. By scanning the Again™ carpet's Niaga® tag, you gain access to an overview of the materials used to produce the carpet as well as recycling instructions.

And there is more. 'Although the Again™ carpet collection is specifically designed for circularity, there are more reasons that make it special. I'm sure that facility managers will love to hear that the carpet comes with an acoustic soft backing. Also, it does not have the typical 'new carpet smell'. What's more, there are twenty-five beautiful colors to select from, so it will be easy to find a color that matches the office style,'emphasizes Chantal Jörissen, Product Marketing Director at DSM-Niaga.

The Again™ collection shows that it is possible to design a commercial carpet for circularity and still meet the market's highest standards. 'Together with our partners, we are demonstrating that closing the loop within the value chain is actually possible,' highlights Kelly Hall, Managing Director at DSM-Niaga. 'We believe within the value chain we should radically change our mindset in order to design out waste and safeguard valuable materials. This is how we contribute to a better future for both people and planet.'

Disclaimer

Koninklijke DSM NV published this content on 02 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2020 05:40:07 UTC

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Financials
Sales 2020 8 884 M 10 047 M 10 047 M
Net income 2020 757 M 856 M 856 M
Net Debt 2020 2 151 M 2 433 M 2 433 M
P/E ratio 2020 28,9x
Yield 2020 1,97%
Capitalization 21 442 M 24 248 M 24 249 M
EV / Sales 2019
EV / Sales 2020 2,66x
Nbr of Employees 22 174
Free-Float 94,7%
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 117,59 €
Last Close Price 126,30 €
Spread / Highest target 15,8%
Spread / Average Target -6,89%
Spread / Lowest Target -42,2%
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NameTitle
Dimitri de Vreeze Co-Chief Executive Officer & COO
Géraldine Matchett Co-Chief Executive Officer & CFO
Robert John Routs Chairman-Supervisory Board
Pauline F. M. van der Meer Mohr Deputy Chairman
Eileen A. Kennedy Member-Supervisory Board
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