Kemira and European Investment Bank (EIB) signed EUR 100 million research and development loan agreement
Kemira Oyj and the European Investment Bank (EIB) have signed today on June 6, 2008, a EUR 100 million 12-year research and development loan agreement. Loan can be raised within 18 months after signing.
The European Investment Bank has evaluated and granted the loan to support the research, development and innovation activities of the Kemira Group during the years 20082011. Kemira's long term collaboration with universities, institutes of technology and research institutes combined Group's own research centers' development projects form foundation of R&D activities in areas like customer solutions for forest industry, formulation science, water treatment and nanotechnology.
The facility is meant for financing of the research and development expenditures at group's core business areas and for promoting development projects in group's "competence centers".
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.