Dynea acquires the formaldehyde business of Formaldehydwerk Schwarze Pumpe GmbH
Dynea has acquired the formaldehyde assets and manufacturing operations of Formaldehydwerk Schwarze Pumpe GmbH (FSP), a formaldehyde producer located in Spreetal/Spreewitz close to Dresden, Germany.
"We are pleased to welcome FSP into the Dynea family. As FSP is the formaldehyde supplier to our resins plants in Erkner, Germany and Trzemeszno, Poland, this acquisition secures the continued supply to these key sites, as well as gives Dynea opportunities to develop our formaldehyde sales to external customers within the locality of FSP," says Roger Carlstedt, President and CEO of Dynea.
FSP produces 16,000 tonnes of formaldehyde (100 percent) annually and employs 12 persons. The plant, which uses Dynea's formaldehyde technology, began operating in 2001. The plant will operationally be closely integrated with Dynea Erkner GmbH.
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