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Dynea in new resins joint-venture in Central Russia

17 Feb 2006 - Dynea Oy (Finland), ZAO MetaDynea (Russia) and JSC Karbolit (Russia) will build a state-of-the-art resin plant at Karbolit's production site in Orekhovo-Zuevo in the Moscow region. The new company, OOO Karbodin will ensure the availability of high quality resins in the central region of Russia.
 
Karbodin, founded in December 2005, will have an annual production capacity of 400,000 tonnes adhesive resins. A modern formalin production unit will have a 200,000 tonnes production capacity per year. The investment cost is EUR 20 million and the company turn-over is expected to reach EUR 100 million by 2010.The range of products at the Karbodin plant will include industrial resins for insulation wool and other industrial uses, amino resins for the production of wood-based panels, and impregnation resins.Karbodin will utilize Dynea's leading technology for the production of the resins.