NIB in brief in your language:
Netherlands. Kemira International Finance B.V. Manufacturing
Date of loan: 21 March 2007
Country: Netherlands
Borrower: Kemira International Finance B.V.
Sector/loan type: Manufacturing
Subsector: Manufacture of chemicals and chemical products
Project:
The 10-year-maturity loan totalling EUR 25 million is aimed at Kemira's acquisition of the wastewater treatment chemicals business of the US chemical company Cytec Industries Inc. The acquisition includes production plants in the UK and the Netherlands as well as three plants in the US. This acquisition will help strengthen Kemira's water chemicals business in terms of technology-intensiveness and geographical presence. The acquisition also broadens Kemira's product range into the flocculent business and the oil and mining industries. Kemira Oyj is a Finnish industrial group producing pulp and paper chemicals, other industrial chemicals, water chemicals as well as paints and coatings.
Environmental summary:
Environmental impacts from the five production sites under normal operation are restricted to emissions to air and discharges of treated wastewater. All five sites operate within their respective environmental permits and are in the process of implementing environmental management systems. Kemira's production facilities are certified according to ISO 14001 or the European Union's EMAS (Environmental Management and Auditing Scheme).
