Home / Knowledge / News / Textiles / Rockwood-Kemira to form TiO2 pigments JV in Europe
Rockwood-Kemira to form TiO2 pigments JV in Europe
26
May '08
Rockwood Holdings Inc and Kemira Oyj announced they have agreed to form a joint venture that will be one of the world's leading producers of specialty TiO2 pigments.

The joint venture will combine Rockwood's TiO2 pigments and functional additives business, including its production facilities in Duisburg, Germany, and Kemira's TiO2 business, including Kemira's TiO2 plant in Pori, Finland.

Rockwood's business, Sachtleben Chemie, is the leading producer of specialty TiO2 pigments for the synthetic fiber industry.

Kemira is a leading producer of specialty TiO2 pigments for packaging inks and specialty TiO2 grades for the cosmetics, pharmaceutical and food industries.

The production facilities of both companies are based on the sulphate process, and both have strong capabilities in the development of nanoparticles for specialty applications. Rockwood will retain ownership of Sachtleben's water treatment business.

The joint venture will purchase Rockwood's Sachtleben business and Kemira's TiO2 pigments business and will finance the venture with a 300 million Euro term loan and a 30 million Euro revolving loan.

The joint venture will be headquartered in Germany and be 61 percent owned by Rockwood and 39 percent owned by Kemira. The joint venture had pro forma revenues of approximately 556 million Euros for 2007.

Commenting on the new venture, Seifi Ghasemi, chairman and chief executive officer of Rockwood, said, “This joint venture is a strategically important step that combines two of the best TiO2 production facilities in Europe.

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search