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Kemira Oyj and the European Investment Bank (EIB) have signed today on June 6, 2008, a EUR 100 million 12-year research and development loan agreement. Loan can be raised within 18 months after signing.
The European Investment Bank has evaluated and granted the loan to support the research, development and innovation activities of the Kemira Group during the years 2008-2011. Kemira's long term collaboration with universities, institutes of technology and research institutes combined Group's own research centers' development projects form foundation of R&D activities in areas like customer solutions for forest industry, formulation science, water treatment and nanotechnology.
The facility is meant for financing of the research and development expenditures at group's core business areas and for promoting development projects in group's "competence centers".
For more information, please contact
Kemira Oyj
Jukka Ryhänen, Vice President, Group Treasurer Tel. +358 (0)10 862 1788 Mobile +358 (0)50 525 2354
Hannu Toivonen, Executive Vice President, R & D and Technology, EHS Mobile +358 (0)50 69 201
Kemira is seeking to be a group of global and leading chemical businesses with unique positions in selected customer segments. Kemira's four business areas: Kemira Pulp&Paper, Kemira Water, Kemira Specialty and Kemira Coatings provide customers with complete solutions, expertise and premium quality products. Kemira serves the pulp and paper industry, water treatment, paint business and chemical industry.
In 2007, Kemira recorded revenue of approximately EUR 2.8 billion and had a staff of 10,000. Kemira operates in 40 countries.
