News Archive 2015
Forchem, has selected technology, engineering and project management company Neste Jacobs, to optimize the production of its Tall Oil Distillation Plant in Rauma, Finland.
On June 25, Forchem Oy successfully placed a EUR 70 million senior secured bond loan. The bonds, maturing in 2020, will bear a fixed interest rate of 4.90% (paid semi-annually). The proceeds from the bond issue will be used to refinance existing debt. The company aims to list the bonds on NASDAQ within one year from the issue date.
This week the European Parliament will conduct its final vote on the ILUC Directive. A tiny detail in the Directive will, if adopted, have detrimental effects to the EU economy, environment and society.