Kemira's associated company Sachtleben to acquire crenox titanium dioxide production assets and inventory
(Thomson Reuters ONE) -
Kemira Group
Press release
June 11, 2012 at 1pm (CET+1)
Kemira Oyj's and Rockwood Holdings Inc.'s titanium dioxide (TiO(2)) joint
venture Sachtleben GmbH has reached an agreement to acquire the
TiO(2) production assets and inventory of crenox GmbH, based in Krefeld,
Germany, from the insolvency administrator. The acquisition is expected to
close by mid-July, subject to completion of due diligence, government approvals
and other conditions.
Sachtleben will acquire the crenox Krefeld-Uerdingen plant and all inventory of
the facility. The acquisition will add over 100,000 metric tons of TiO(2)
production, increasing total capacity to approximately 340,000 metric tons,
further enhancing Sachtleben's position as a leading global supplier of high
quality TiO(2) pigments.
The joint venture Sachtleben (Kemira ownership 39% in the joint venture), which
was formed in August 2008 by combining Kemira Oyj's and Rockwood's TiO2
businesses, is a leading producer of specialty TiO2 pigments for the synthetic
fiber, packaging inks, cosmetics, pharmaceutical and food industries.
For more information, please contact
Kemira Oyj
Matti Lapinleimu, Vice President, Mergers & Acquisitions
+358 40 581 7615
Kemira is a global over two billion euro water chemistry company that is focused
on serving customers in water-intensive industries. The company offers water
quality and quantity management that improves customers' energy, water, and raw
material efficiency. Kemira's vision is to be a leading water chemistry company.
www.kemira.com
www.waterfootprintkemira.com
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Source: Kemira Oyj via Thomson Reuters ONE
[HUG#1618682]
Unternehmensinformation / Kurzprofil:
Datum: 11.06.2012 - 12:01 Uhr
Sprache: Deutsch
News-ID 155089
Anzahl Zeichen: 2341
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Kemira's associated company Sachtleben to acquire crenox titanium dioxide production assets and inventory"
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