Welcome Guest to Coatings World    Login || Register
Last Updated Friday, October 9 2015

Kemira Sells its Stake in Sachtleben to Rockwood

Published April 1, 2013
Kemira Oyj and Rockwood Holdings Inc. have signed an agreement, according to which Rockwood buys Kemira’s share (39%) of the titanium dioxide (TiO2) joint venture Sachtleben GmbH. The transaction price of the deal is €97.5 million and will impact Kemira’s cash flow positively in the first quarter of 2013. Kemira will undertake a non-recurring write-down related to the transaction of approximately €25 million, impacting Kemira’s reported EBIT in the first quarter of 2013.

The joint venture Sachtleben GmbH, which was established in September 2008 by combining Kemira Oyj’s and Rockwood Holdings Inc’s TiO2 businesses, is a leading producer of specialty TiO2 pigments for the synthetic fiber, packaging inks, cosmetics, pharmaceutical and food industries.

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Follow Coatings World On