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June 10th, 2008
The European Investment Bank (EIB) is granting a loan up to EUR 100m to support the research, development and innovation activities of the Kemira Group (Kemira) in Finland. The R&D activities of Kemira aim to design more effective and efficient chemicals, often with clear environmental benefits. The finance documentation has been signed today in Helsinki by EIB Vice-President, Eva SREJBER, Kemira Oyj CEO, Harri KERMINEN and Kemira International Finance B.V. Director, Bart KOORNHOF.
The project concerns the continuation of Kemira group's current RDI practices and will be carried out within its existing facilities.
Kemira Group, a Finnish technology-oriented chemicals group, is a leading European producer of pulp and paper chemicals, water purification and industrial chemicals as well as paints and coatings. Its long-term collaboration with universities, institutes of technology and research institutes and the group's own research centres' development projects form the foundation of its R&D activities in areas such as formulation science, water treatment and nanotechnology.
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