IHS Chemical Week

Regions :: Western Europe

Dynea closes AICA deal

2:40 PM MDT | April 2, 2013 | Rebecca Coons

Dynea Chemicals Oy says it has  completed the previously announced sale of shares of Dynea Holding GmbH, Dynea Austria GmbH, and Krems Chemie Service GmbH to Arirang Holdings Ltd (AICA). Dynea Austria produces amino resins for composite boards, decorative surfaces, and plywood. The company will continue to toll manufacture resins for other Dynea entities. Dynea Austria had a turnover in 2012 of €144 million and currently employs 119 people. The sale of the Austrian operations is in line with Dynea’s strategy to concentrate its resources around its...

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