in this issue
Regions :: Western Europe :: Finland
Kemira to Spin Off Coatings Unit
6:55 AM MDT | June 18, 2008 | Kerri Walsh
Kemira says it will spin off its Tikkurila coatings business into a public company, and will focus on its water treatment and fibers businesses. The spin off will occur during first-half 2009, Kemira says. Tikkurila will be owned by Kemiraâ€™s current shareholders and potential new shareholders. Financial terms of the deal were not disclosed. Kemira also has initiated a â‚¬50-million ($77.5-million) cost savings program, excluding the coatings business. Kemira will reorganize around three segments after the spin off: paper, which will focus on the pulp and paper...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee