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Dynea and BorsodChem expand capacity in Kazinbarcika

Published on 2005-02-09. Author : SpecialChem

Dynea International Oy and BorsodChem Rt are investing in increased production capacity at their jointly-owned company BCKC Formalin Kft in Kazinbarcika, Hungary. The plant, based on Dynea's world-class formaldehyde process technology, will double its capacity to 120.000 tonnes per year by the end of 2005.

BorsodChem Rt, one of Hungary's largest chemical companies and a leading MDI (Isocyanates) producer in Central Europe, is increasing its MDI capacity in Kazinbarcika from 60.000 to 160.000 tonnes per year.

"BorsodChem is committed to becoming an even stronger player in the quickly growing MDI business in Central & Eastern Europe. The formaldehyde expansion will support our previously announced expansions in MDI," says Laszlo F. Kovacs, CEO of BorsodChem Rt.

"Dynea's strategy for growth includes strengthening our presence in those areas where our customers are developing their businesses. This new investment in Hungary is an indicator of our commitment to our customers in rapidly growing regions in Europe -- we can now meet their needs even faster and more effectively than before," Roger Carlstedt, President and CEO of Dynea International Oy, says.

Dynea in Brief

Dynea is a global provider of superior adhesion and surfacing solutions. Dynea's Prefere™ adhesive resins are used in a variety of applications by the panel board industry, laminated beam and structural wood manufacturers, the mineral and glass fibre industry, the paper impregnating industry, and many others. Dynea's Ultim™ family of high quality paper overlays products are for both decorative and industrial uses.

Dynea has revenues of approximately EUR 1.0 billion. With 55 production units in 26 countries in Europe, the Americas and Asia Pacific, Dynea has some 3,200 employees.

Dynea is controlled by the Industri Kapital 1997 and 2000 funds. Industri Kapital is a European private equity firm with Nordic roots, managing close to EUR 4 billion in fund commitments from Nordic, European and international institutional investors. Since 1989, Industri Kapital has acquired 49 European companies. The current portfolio encompasses 27 companies across Europe with a total turnover exceeding EUR 9 billion.

Source: Dynea

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