Press release -
AkzoNobel sells Carbide Sweden
AkzoNobel and SKW Stahl-Metallurgie Holding AG announce that they have today signed an agreement whereby SKW Stahl-Metallurgie Holding AG will acquire all of the assets of Carbide Sweden AB.
Carbide Sweden produces and markets calcium carbide, a raw material used in the production of acetylene gas, which is used for welding and other applications. Carbide is also used in steel production. "Our customers are located in the Nordic region and Central Europe. We have Scandinavia's sole carbide plant. The sale is ideal for the continued development of Carbide Sweden, since the buyer holds a strong position in the European steel industry," says Tommy Engman, President of Carbide Sweden.
The approximately 50 employees at the plant, which is located in Stockvik, outside Sundsvall, Sweden, were informed of the sale on Friday, December 17. All employees will be offered employment with the new owner.
Kjell Sundqvist, shift-working operator and union representative at Carbide Sweden is pleased with today's announcement. "I think this is excellent. Having previously been a non-core operation within AkzoNobel, we will now join an owner with expertise in, and focus on, minerals and steel handling, which is our area of operations."
According to the agreement, the buyer, German specialist chemicals company SKW Stahl-Metallurgie Holding AG, will assume responsibility for the operations during the first quarter of 2011.
For further information
Topics
- Chemical industry
Categories
- akzonobel
- eka chemicals
- stockvik
- carbide sweden
- skw metallurgie holding ag
- wealding
- steel production
AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders on the Dow Jones Sustainability Indexes. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow’s Answers Today™.
For more information
Carbide Sweden AB
Telephone 46 709 57 71 24
Tommy Engman
AkzoNobel AB
Telephone +46 722 099 609
Johnny Nylund
