IHS Chemical Week

Regions :: Western Europe :: Finland

Kemira Looks to Wash its Hands of Water Engineering Business

10:01 AM MDT | August 13, 2008 |

Alex Scott

Kemira said earlier today that it plans to sell its Galvatek (Lahti, Finland) engineering business, which provides engineering services mostly to water treatment plants. Galvatek has 33 staff and recorded sales in 2007 of about €16 million ($24 million). Galvatek runs two subsidiaries; one in Sweden; and another in Poland. Kemira did not disclose how much it hopes to raise from the sale of the business.   Kemira says it is not yet in talks with prospective buyers. “We have only just started the process [to sell the business], but we hope...

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