NIB finances Kemira's R&D and chlorate expansion in Finland

The Nordic Investment Bank and the global chemicals company Kemira Oyj have signed a loan agreement worth €90 million to finance the completed expansion of the company's sodium chlorate production capacity in Joutseno in 2016-2017 and RD investments during 2016-2019.

The seven-year loan has financed the construction of a new cell room for sodium chlorate production at Kemira's facility in Joutseno, in south-eastern Finland.