Rockwood-Kemira to form TiO2 pigments JV in Europe
26 May '08
2 min read
It joins our capabilities with a partner who has a strong reputation for quality and service and a well-established expertise in specialty products that are complementary to our own expertise in the fibers market.
The joint venture enables us to expand our specialty TiO2 product offering, increase our ability to meet customer needs and continue to grow our business at our targeted rates.”
Mr. Ghasemi also said that Professor Dr. Wolf-Dieter Griebler, president of Rockwood's TiO2 business, Sachtleben, will head the new joint venture. “His expertise and industry experience will help us achieve our goals,” he said.
The formation of the joint venture is subject to regulatory approval. The parties expect to close the joint venture in the third quarter.
The financing for the venture has been arranged by Nordea and SEB.
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