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Kemira to Sell Water Engineering Unit

11:00 AM MDT | August 26, 2008 | Chemical Week Editorial Staff

Kemira says it plans to sell its Galvatek (Lahti, Finland) 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 has a subsidiary in Sweden and another in Poland. Kemira did not disclose how much it hopes to raise from the divestment and says it is not yet in talks with prospective buyers. “We have only just started the process, but we hope to have a deal in place by year-end,” Per Andersson, v.p./industrial and...

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