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Dynea sells shares in Dynea AS

Dynea Chemicals Oy has today signed a share purchase agreement for the sale of 100% of the shares of Norway-based Dynea AS to a newly founded legal entity representing Eltek Holding AS. The sale of Dynea’s 100% shareholding in Dynea AS includes 100% of the shares in Dynea Hungary Kft, 50% of the shares in Nordalim A/S, and 34.5% of the shares in Krystal AS, as well as 33.3% of the shares in Borzod Chem-Krems Chemie Formalin Kft, owned by Dynea Hungary Kft. The completion of the transaction is subject to the approval by the Norwegian competition authorities. Dynea AS focuses on

Dynea sells Belgian resins company

Dynea Chemicals Oy has sold the shares of its Belgian resins company, Dynea N.V., to Spanogroup on June 1, 2012. Dynea N.V. manufactures mainly urea and urea melamine resins for the composite board industry. The company employs at present 21 persons, who will transfer to the new company. “This divestment follows our strategy. Our aim to develop our business portfolio by concentrating on our core product and application areas,” says Hans Pettersson, President and CEO of Dynea. Spanogroup is an integrated group of companies producing particleboards, construction boards, MDF boards,

Dynea sells Finnish paper overlays business

Dynea Chemicals Oy has sold its paper overlays business and assets in Kitee, Finland to Surfactor Finland Oy on May 14, 2012. The Kitee plant produces phenolic surface films and employs 36 persons who will continue to work for the new owners. The turnover for Kitee in 2011 was € 17 million. Phenolic surface films (PSF) are resin impregnated industrial overlays designed to improve the surface characteristics of wood-based panels, used by the concrete formwork, transportation, building construction and furniture industries. “Dynea has been systematically developing its business

Dynea expands in South Eastern Europe – Acquires S.C. Rom Re Ro Munteanu S.R.L. in Romania

Dynea Chemicals Oy has acquired the total capital stock of S.C. Rom Re Ro Munteanu S.R.L., a privately owned Romanian company manufacturing adhesives. This move is in line with Dynea’s strategy to strengthen its presence in the South Eastern region of Europe. “We expect to see substantial growth in this region in the years to come,” says Ms Nina Kopola, Dynea Executive Vice President and President Dynea Europe. “Romania is an interesting country, with strong growth in our customer industries and we are very excited about gaining a foothold here. Furthermore, this acquisition will give

Dynea Results 2010: A clear improvement in profitability

Dynea significantly improved results due to growth in demand.In 2010, the general economic conditions in all of Dynea’s key markets improved, which had a positive impact on demand. Especially in the developing economies of the Asia Pacific region, demand was good and returned to the levels preceding the financial crisis. In Europe, the economic picture remained unstable translating into a slower but steady growth. As a consequence of the prevailing economic uncertainty, construction activity has recovered at a very different pace in the various parts of Europe. Therefore the demand for

Changes in Dynea management

Roger Carlstedt to retire from role as Group President and CEO in Dynea Following seven years as President and CEO of the Dynea group, Mr. Roger Carlstedt will retire on February 28, 2011. Following Roger Carlstedt’s retirement, the group will be managed by Ms Nina Kopola, Executive Vice President and President Dynea Europe, and Mr Per Haga, Executive Vice President and President Dynea Asia Pacific. In addition, the Board of Directors of Dynea has appointed Nina Kopola as acting President of the group as of March 1, 2011.Roger Carlstedt joined Dynea in November 2003, and under his

Dynea’s AsWood® adhesives set new standards in production of parquet and interior panels

Dynea’s AsWood® adhesive systems offer more than exceptionally low emission levels for producers of parquet and interior panels. Improved process parameters for parquet manufacturing In parquet production, using AsWood adhesive solutions allow the lowering of the pressing temperature by approximately 20°C without losing any performance characteristics such as bond quality or water resistance when compared to more traditional pressing parameters. The reduction of pressing temperature has a positive effect on the quality of the final product due to less internal tension within the

Dynea focuses activities in Brazil

Dynea Oy today announced that its subsidiary Dynea AS has sold its 50% share in Brazilian joint venture company Dynea Brasil S.A. to JV partner Arauco do Brasil S.A. Arauco do Brasil S.A. is owned by Chilean Group Arauco, one of the largest forestry enterprises in Latin America in terms of surface area and plantation yield, and the production of market kraft wood pulp, sawn timber and panels. Dynea Brasil S.A. has production sites in Araucária where it produces resins for the panelboard and paper impregnation industries, and in Curitiba, where it produces decorative paper overlays. The

Dynea Results 2009: Positive cash flow in a demanding market environment

Dynea – the world-leading supplier of adhesive and surfacing solutions – was able to adapt to the highly difficult market conditions and achieve a positive cash flow.The general economic conditions were challenging especially during the first half of the year, which had an adverse effect on the demand for Dynea’s products. Sales volumes decreased in all regions in the beginning of the year. In Europe the decrease in demand was deeper than in the other regions. During the latter part of the year the demand began to improve gradually, along with the general economic recovery. In the Asia

Dynea celebrates a century of phenolic resin production in Erkner

Dynea Erkner GmbH, located in Germany, just southeast of Berlin, celebrates one hundred years of phenolic resin production this week. Production of phenolic resin began in Erkner in 1909, only a few years after Belgian chemist Dr Leo Baekeland’s “Pressure and Heat” patent provided the basics for the utilisation of phenolic resins on the industrial scale. Product development work at the Erkner plant contributed to the growing number of applications made with phenolic resins. Combining properties such as dimensional stability, high strength, and superior resistance to heat and chemicals – all

Dynea’s Prefere® 4546 - the most flexible construction glue ever

Dynea’s new melamine-urea adhesive system Prefere® 4546 for glulam, I-beams and finger-jointing is being hailed as the most flexible MUF system ever, as it is easy to tailor for optimal performance in the customer’s production line. The system, which has the necessary approvals from MPA (Stuttgart, Germany), TUM (Munich, Germany) and Norwegian NTI, works in cold as well as hot setting, RF-curing and finger-jointing and offers short pressing times, long assembly times and excellent RF properties. Since Dynea first presented the Prefere 4546 system during the Ligna 2009 Fair in May, customers

Price increases

Price increases The prices of benzene and phenol continue to strongly increase. Following an 11% increase from June - July, prices have increased by a further 10% in August. The phenol price is now at an historic all-time high. As a result of this unprecedented situation Dynea is forced to further increase its prices in Europe with immediate effect. Prices for solid phenolic resins will rise by EUR 120 per metric ton, while prices for liquid phenolic resins will rise by 50 to 80 EUR (increase depending on the composition of the respective product). Dynea in Brief Dynea is a leading provider

Dynea appointments in North America and China

Press release April 13, 2004 Dynea appointments in North America and China Dynea, a leading global provider of adhesive and surfacing solutions for the woodworking and other key industries, is continuing the restructuring of its organization with new appointments in North America and China. The following appointments are effective as of March 29, 2004. Mr Garry McClean has been appointed Senior Vice President of Dynea's Panel Board Resins, North America. Mr McClean has bottom-line responsibility for Dynea's panel board resins business in North America, including operations, plants, sales &

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