Kemira signs Euro 100 million R&D loan agreement with EIB
HELSINKI, June 9, 2008 (Press Release) - Kemira Oyj and the European Investment Bank (EIB) have signed today on June 6, 2008, a Euro 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 2008-2011.
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".