commiss decis juli declar concentr compat common market function eea agreement case comp industri kapit nordkem dyno notifi document number english text authent text eea relev ec commiss european commun regard treati establish european commun regard agreement european econom area articl thereof regard council regul eec decemb control concentr undertak amend regul ec articl thereof regard commiss decis august initi proceed case undertak concern opportun make view object rais commiss regard opinion advisori committe concentr januari commiss receiv notif pursuant articl regul eec merger regul propos concentr industri kapit group industri kapit acquir mean articl merger regul control undertak dyno asa dyno norwai examin notif commiss conclud decis februari notifi oper fall scope merger regul rais doubt compat common market commiss decid initi proceed pursuant articl merger regul articl eea agreement parti industri kapit manag control number privat equiti fund fund control numer undertak undertak control nest chemic oy nest chemic compani arca compani activ materi handl system dyno parent group compani activ explos chemic plastic packag dyno core busi chemic explos dyno chemic busi divid industri resin wood special adhes paper overlai coat resin oil field chemic methanol plastic special polym dyno joint control cvc polimoon group polimoon compani activ inter alia materi handl system plastic packag ii oper industri kapit fund ik industri kapit fund ik acquir share dyno norwegian hold compani nordkem dyno explos oper transfer hold compani newco explos jointli own ik fund ik fund share dyno remain chemic oper own fund nordkem nordkemi ik fund ik fund respect invest manag control nordkemi newco explos rational oper creat strong nordic base special chemic explos compani special chemic aim captur synergi resin wood special adhes paper overlai paper present board member world market leader industri resin account amp lt entiti busi industri kapit acquir nest fortum corpor novemb nest largest resin produc worldwid strong presenc europ north america base sale figur nest produc million tonn resin worldwid borden chemic uk borden largest produc million tonn georgia pacif million tonn dyno number world resin strong presenc europ asia dyno produc billion tonn resin industri kapit submit nest dyno import custom formaldehyd resin found wood panel industri manufactur plywood particl board medium densiti fibreboard mdf orient strand board osb iii concentr ik ik privat equiti fund legal entiti result contractu arrang fund respect invest manag compani ik ik investor ik ik incorpor law jersei exercis vote right portfolio compani investor vote right ik ik wholli own industri kapit europa bv turn own industri kapit nv industri kapit claim notif quot undertak quot made investor ik number investor guarante represent board ik industri kapit state notif precondit ik permiss conduct busi invest manag compani law jersei investor ik manag invest repres major ik board industri kapit state argu ik industri kapit europa bv form separ econom entiti respons formal request inform industri kapit confirm quot undertak quot refer oral industri kapit made note minut refer undertak occas industri kapit view quot undertak quot legal bind industri kapit confirm contrari previou statement requir law jersei investor repres board invest manag compani ik permit conduct busi report composit director relev author composit board ik determin sharehold industri kapit europa bv basi forego commiss conclud dyno ultim control industri kapit nv iv commun dimens industri kapit dyno combin aggreg worldwid turnov excess eur million industri kapit eur million dyno eur million commun wide turnov excess eur million industri kapit eur million dyno eur million achiev third aggreg commun wide turnov member state notifi oper commun dimens constitut cooper case pursuant articl eea agreement articl protocol agreement case assess commiss cooper efta surveil author accord articl eea agreement competit assess transact result horizont overlap dyno nest horizont overlap aris industri kapit control compani arca polimoon plastic materi handl system relev product market formaldehyd base resin dyno nest activ produc formaldehyd base resin produc resin applic wood applic industri kapit submit urea formaldehyd base resin uf uf resin phenol formaldehyd base resin pf resin deliv mix characterist differ water heat resist hard uf uf resin combin melamin heat light moistur water resist applic applic requir high degre hard pf resin combin resorcinol strong bond characterist glue bond timber beam uf uf resin colour product pf resin reddish industri kapit submit uf uf resin primarili bond adhes kind wood panel applic instanc particleboard mdf osb plywood industri kapit submit pf resin signific degre wood panel applic industri kapit uf uf pf resin glue bond timber beam veneer parquet paper lamin impregn insul bond foundri process industri kapit argu demand side uf uf pf resin degre applic industri kapit submit uf uf resin pf resin regard belong separ product market due instanc cost consider tradit respect industri kapit provid inform show pf resin expens uf uf resin industri kapit submit applic formaldehyd base resin iso cyanat mdi polyvinyl acet pvac effect substitut formaldehyd base resin industri kapit argu mdi substitut water resist wood panel pvac structur wood applic instanc joiner industri kapit final argu suppli side produc formaldehyd base resin produc uf uf pf resin industri kapit submit basic product principl basic technolog kind formaldehyd base resin applic industri kapit argu product line easili switch product uf uf resin pf resin signific cost demand side commiss investig confirm uf uf resin pf resin regard belong separ product market demand side custom wood panel industri resin impregn paper insul materi foundri busi substitut resin limit due technic reason technic reason relat product question inher properti resin technic process comparison pf resin uf uf resin light colour faster cure provid superior hard arc resist uf uf resin durabl tend break hot cold water resist varieti chemic investig show substitut due consider price differ pf resin expens manufactur plywood uf uf pf resin substitut plywood product uf uf resin weatherproof suitabl plywood produc main applic construct transport industri respect custom moistur resist uf uf resin base glue improv ad melamin make glue weatherproof question substitut resin develop industri resin industri investig show substitut limit custom resin tailor end applic differ respect solid content degre polymeris addit custom factor impact reactiv viscos cold tack pre press properti surfac activ glue harden system investig show formaldehyd base resin gener term substitut formaldehyd base resin custom substitut affect product qualiti requir product process build product line custom repli commiss questionnair substitut formaldehyd base resin instanc pvac realist altern pvac time expens pf resin investig show pvac pmd danger substanc regul number member state sum investig show limit pvac pmd factor cost equip process health consider effect limit substitut suppli side investig confirm industri kapit submiss manufactur process equip type resin larg similar type formaldehyd base resin made mix reactant target molecul distribut final resin reach adjust paramet temperatur ph molecul reactant chain word polymeris viscos liquid increas target reach remain water case remov evapor step uf uf resin produc control reaction formaldehyd urea pf resin produc condens phenol substitut phenol formaldehyd investig show manufactur process straightforward polymeris technolog gener establish year investig show switch product gener term time consum costli manufactur produc type formaldehyd base resin regard switch produc uf uf resin pf resin industri kapit submit reaction formaldehyd phenol releas larg amount excess heat due toxic natur phenol proper cool safeti system instal competitor confirm exotherm natur pf resin heat transfer area investig show pf resin gener manufactur smaller capac reactor uf uf resin specif environment permit requir product product phenol regard switch produc pf resin uf uf resin industri kapit argu reactor pf product requir alter product uf uf resin possibl instal charg system dry product urea melamin dry product phenol parti liquid industri kapit submit invest made month signific cost true switch manufactur pf resin uf uf resin easier revers investig show switch made delai addit cost question manufactur altern product type resin product line competitor move product resin end applic switch requir specif technic instal attent paid issu cross contamin temperatur control reactor cleans storag regim industri kapit submit call multipurpos reactor switch produc kind resin competitor repli commiss enquiri separ product line resin competitor manufactur resin varieti end applic composit condens type resin vari end applic method commiss switch manufactur type resin difficult provid resin belong famili resin uf uf pf regard manufactur mdi pvac resin investig show resin produc plant design formaldehyd base resin product process instanc mdi resin complex hazard technolog public domain import raw materi gener conclus basi forego purpos decis commiss draw conclus uf uf resin pf resin constitut separ product market demand side commiss draw conclus suffici degre suppli side substitut justifi place uf uf pf resin market suppli side view fact activ dyno nest overlap wood applic question narrow submarket defin type resin left open purpos decis oper notifi lead creation domin posit oper assess level pf resin level wood applic resin formaldehyd formaldehyd made methanol colourless ga compound dissolv water formalin primarili manufactur uf uf pf resin plastic varieti special industri chemic instanc preserv paint coat product dyno nest manufactur formaldehyd primarili captiv product resin amp lt nest product amp lt dyno product formaldehyd sold parti industri kapit submit formaldehyd constitut separ product market realist substitut chemic build block term price confirm commiss investig conclus basi forego purpos decis commiss conclud formaldehyd constitut separ relev product market methanol methanol clear colourless liquid primarili obtain natur ga main applic methanol product formaldehyd acet acid varieti chemic addit form foundat larg number secondari deriv methanol fuel industri product unlead gasolin industri kapit submit methanol constitut separ relev product market dyno nest bui methanol methanor joint ventur dyno akzo nobl dsm melamin dyno own methanor akzo nobel dsm melamin dyno nest distribut small quantiti methanol parti horizont vertic relationship dyno nest conclus commiss consid methanol separ product market materi handl system industri kapit subsidiari arca system ab arca polimoon produc plastic materi handl product product plastic materi handl system techniqu inject mould blow mould rotat mould product consist principl contain stack nest contain stackabl contain pallet transport storag good manufactur distribut retail sector beverag contain trai crate manufactur retail food beverag transport store bottl packag liquid materi handl system design pool system collect transport packag reus distribut compani manufactur produc manufactur standard materi handl product product custom specif investig industri kapit state plastic foldabl pallet contain plastic pallet plastic small part storag system form part market materi handl product industri kapit identifi notif area overlap arca polimoon materi handl product stackabl contain stack nest contain bottl trai stackabl contain primarili manufactur industri hous materi compon handl stack nest contain handl transport food lid size arca produc size rang litr polimoon specialis type contain litr litr contain stack nest contain sit empti bottl trai transport beverag bottl retail outlet displai bottl place sale bottl trai product recent begun replac tradit bottl crate bottl trai visibl crate attract displai trai make load easier flexibl present bottl trai primarili pet bottl industri kapit submit bottl trai produc custom specif demand bottl differ shape size bottl stack type trai due differ shape size industri kapit submit manufactur deliv custom easili switch product meet custom specif compani produc plastic bottl crate storag transport bottl compani produc plastic pallet plastic small part storag system arca produc plastic foldabl pallet contain industri kapit submit relev product market cover type materi handl product distinct type product industri kapit submit materi wood metal cardboard plastic larg substitut materi handl product industri kapit submit relev product market market materi handl product includ kind materi substitut materi commiss investig show substitut limit demand suppli side investig show custom contain trai made plastic face price increas switch materi plastic product substitut product made materi suppli side competitor chang materi process difficult inher differ wood metal plastic make direct convers imposs commiss entri cost wooden contain manufactur switch produc inject mould plastic contain eur million entri requir specif year principl materi handl product substitut user materi handl product regard bottl trai custom switch difficult trai form part integr system parti stack nest contain stackabl contain substitut contain food industri suitabl approv handl food price transport cost type contain differ produc materi handl system manufactur rang product consider suppli side substitut lead result materi handl product form product market switch product requir invest mould involv substanti cost conclus basi forego analys effect concentr product group separ figur provid industri kapit concentr lead creation strengthen domin posit plastic materi handl product constitut product market exact market definit left open plastic contain dyno subsidiari superfo superfo polimoon activ manufactur plastic contain packag canist pail bucket drum made plastic distribut retail sector food industri chemic industri pharmaceut industri industri kapit submit superfo polimoon primarili activ segment packag market polimoon specialis high volum litr canist drum primarili chemic technic industri food packag sector superfo specialis lower volum ml litr contain food chemic technic pharmaceut industri industri kapit identifi overlap activ segment pot tub litr contain litr bottl canist litr industri kapit submit relev product market packag market consist kind packag made kind materi metal glass cardboard plastic custom market reason switch type contain tailor custom design product plai import role consum product lubric oil food babi care cosmet addit switch type size contain requir technic fill line machineri tool invest appli argument switch materi suppli side commiss investig show techniqu product plastic contain instanc commiss close open top contain made blow mould techniqu open top contain lid commonli inject mould thermoform produc manufactur process line possibl switch product technolog limit invest cost time commiss compani cover rang plastic contain restrict size applic custom group conclus basi forego commiss conclud justif place contain made kind materi market commiss consid relev market limit plastic exact market definit aforesaid segment constitut separ submarket left open transact rais competit concern compat oper common market market definit relev geograph market formaldehyd base resin industri kapit submit uf uf pf resin produc trade europ transport long distanc frequent trade cross border industri kapit submit relev geograph market uf uf pf resin eea wide possibl includ baltic state part russia countri central eastern europ reason set commiss consid relat finland market formaldehyd base resin nation regard norwai market nation compris sweden comment obtain custom suggest effect oper assess nation region level import gener consid realist altern due high transport cost custom repli commiss enquiri transport cost account resin sale price radiu transport formaldehyd base resin km km formaldehyd base resin sell low price relat weight transport consid import cost factor note industri kapit submit proxim custom import due cost transport respect industri kapit suppli inform transport cost industri kapit cost transport truck tonn kilometr amp lt dm tonn km custom close distanc km cost transport amp lt dm tonn amp lt dm tonn distanc km word custom close pai amp lt dm tonn custom radiu km km pai amp gt dm tonn time custom close investig show resin requir specif transport condit due perish natur respect commiss instanc transport pf resin wood applic insul purpos requir specif contain condit product damag temperatur drop level requir special transport rais price final product affect shelf life resin custom temperatur rise celsiu degre storag time product decreas significantli industri kapit recognis paper present board member industri resin short shelf life transport long distanc custom plywood isol materi industri formaldehyd base resin inher short life span life span resin plywood industri week limit storag possibl make frequent deliveri emphasis import supplier close result industri oper low inventori level lastli investig show develop resin slow process supplier custom work close cooper practic parti physic proxim supplier custom product site facilit cooper custom plywood insul materi resin impregn paper industri finland commiss sourc resin finland inform provid industri kapit demonstr nest suppli bulk uf uf resin finnish plant finland amp lt small amount norwai amp lt industri kapit explain remain amp lt product deliv bulk nest product pf resin finland sold countri amp gt small deliveri sweden amp lt norwai amp lt industri kapit explain remain amp lt product ship dyno finnish plant made deliveri formaldehyd base resin finland except pattern bulk product suppli countri suppli appear norwai dyno plant produc formaldehyd base resin lilleström engen engen plant produc tonn uf uf resin tonn pf resin smaller lilleström plant produc tonn uf uf resin tonn pf resin bulk product larger engen plant sold norwai amp lt uf uf resin amp gt pf resin lilleström plant suppli amp lt product uf uf resin amp lt pf resin norwai larg part product plant export germani amp gt austria amp gt sweden amp gt deliveri smaller amount made number member state commiss estim basi inform submit industri kapit notif subsequ repli commiss questionnair total export dyno plant repres amp gt uf uf resin amp gt pf resin true dyno export part formaldehyd base resin member state continent europ investig show import norwai continent europ practic exist custom repli commiss enquiri norwai sourc formaldehyd base resin nordic region export evid wider geograph market absenc import continent europ demonstr import competit altern custom locat norwai continent europ investig suggest custom sourc resin wider nation base evid cross border trade countri locat nearbi market continent europ larger nation industri kapit submit custom formaldehyd base resin sourc suppli baltic state russia countri central eastern europ commiss investig show resin custom contact sourc countri custom manufactur countri realist altern due high transport cost short shelf life resin qualiti consider requir frequent suppli suppli secur long term custom repli commiss enquiri import countri number resin specif need product rang qualiti supplier baltic state russia countri central eastern europ suffici due outdat technolog respect custom produc suffici formaldehyd base resin lignum riga manufactur resin licenc nest conclus basi forego purpos decis commiss conclud finland constitut separ relev geograph market regard norwai question norwai regard constitut separ relev geograph market geograph scope extend includ sweden left open assess case materi affect market definit possibl exclud geograph scope end applic resin wood applic decis formaldehyd industri kapit submit formaldehyd internation trade commod price homogen part world industri kapit argu relev geograph market formaldehyd eea wide includ neighbour countri russia baltic state poland hungari slovakia turkei industri kapit argu formaldehyd profit transport long distanc admit transport cost signific due stabil problem relat store formaldehyd long period time industri kapit submit repli commiss statement object sale formaldehyd parti limit margin natur mean produc limit market organis industri kapit formaldehyd produc merchant activ restrict sale nearbi industri kapit argu formaldehyd produc area fairli easili expand geograph scope market effort price merchant formaldehyd rose nearbi area commiss investig show scope geograph market trade formaldehyd narrow eea number repli commiss enquir show formaldehyd sourc nation region level eea wide finnish custom contact commiss bui formaldehyd finland reason limit sourc radiu formaldehyd set industri kapit explain formaldehyd store poorli larg resin manufactur produc formaldehyd intern open market formaldehyd small approxim total capac commiss enquiri show due toxic natur formaldehyd transport dissolv water formaldehyd high solid content transport longer distanc transport solid formaldehyd usual liquid deriv formaldehyd high level water content render transport long distanc unprofit commiss formaldehyd liquid form transport radiu approxim km product plant industri kapit submit cost transport formaldehyd compar resin transport cost inform provid notif show parti plant tend suppli formaldehyd nation region base dyno plant manufactur formaldehyd norwai denmark finland ireland suppli amp gt product countri plant locat nest plant finland suppli amp gt product finland amp lt sweden industri kapit explain repli statement object nest finnish resin plant suffer shortag formaldehyd peak product period import formaldehyd nest plant netherland time time casco perstorp sweden import spot deliveri place continu basi note import ax typic formaldehyd resin produc custom repli commiss questionnair import formaldehyd regard continent europ note nest plant belgium suppli quantiti member state physic close germani plant netherland austria distribut pattern show formaldehyd transport long distanc respect industri kapit submit nest suppli custom norwai plant netherland confirm parti submiss geograph scope market commiss note deliveri constitut amp lt total product plant evid market compris eea industri kapit submiss supplier found russia baltic state poland hungari slovakia turkei investig show sourc countri consid realist essenti reason appli formaldehyd base resin defin geograph market conceiv geograph market parti activ overlap combin market share rais competit concern conclus basi forego purpos decis commiss conclud relev geograph market finland methanol industri kapit submit methanol trade internation industri kapit submit due tariff barrier transport cost vari demand geograph market possibl divid main demand area europ north america asia industri kapit submiss line commiss previou decis methanol decis commiss found methanol internation trade commod condit competit differ europ north america asia conclus precis definit relev geograph market establish case concentr creat strengthen domin posit basi narrowest geograph market line commiss previou decis purpos decis market methanol assess eea wide level narrowest area condit competit homogen materi handl system arca plant sweden finland germani franc spain polimoon plant finland sweden england netherland industri kapit submit averag transport distanc differ kind materi handl system depend fold nest industri kapit submit transport cost stack nest contain low due possibl nest contain transport industri kapit submit relev geograph market eea wide stackabl contain industri kapit submit contain nest lock transport space transport cost high industri kapit submit nordic countri relev geograph market reason appli crate lastli bottl trai industri kapit submit nestabl transport long distanc fact standard bottl trai differ countri industri kapit submit relev geograph market bottl trai eea wide investig shown transport cost materi handl system high polimoon submit approxim suppli radiu nestabl materi handl system km beverag trai system submit transport distanc longer geograph market nordic area due custom servic requir custom confirm transport cost limit area materi handl system sourc proxim supplier import factor empti materi handl system volumin product relat weight fold nest return transport packag intend transport longer distanc produc product packag recipi product retail outlet addit case pool system product special design system design area conclus basi forego geograph market type materi handl system extend sweden finland norwai nation plastic contain industri kapit claim geograph market plastic contain eea wide commiss investig show empti plastic contain low weight larg volum product result high transport cost limit extent radiu econom sourc plastic contain hand commiss transport cost outweigh economi scale investig show larg supplier cover geograph market region eea wide larg custom turn sourc region eea wide basi conclus view forego commiss conclud geograph market plastic contain region activ superfo polimoon overlap nordic area finland sweden norwai denmark purpos decis area consid constitut relev geograph market assess formaldehyd base resin actual competit industri kapit provid market share figur relat formaldehyd base resin includ exclud captiv product industri kapit estim market share exclud captiv materi differ calcul basi total market volum industri kapit verifi amend market share inform submit notif pf uf uf resin industri kapit explain figur base complex calcul give indic posit dyno nest market nordic countri market posit entiti materi chang view figur pf resin assumpt nation market base inform submit industri kapit dyno nest attain high market share finland norwai market pf resin dyno nest jointli account amp gt market finland dyno amp gt nest amp gt amp gt norwai dyno amp gt nest amp gt industri kapit submit perstorp amp lt market finland norwai industri kapit submit perstorp account amp gt market casco amp gt assum region market compris norwai sweden commiss estim basi figur submit industri kapit dyno nest jointli account amp gt market pf resin area nest amp gt dyno amp gt perstorp account amp gt market casco amp gt product nest dyno direct wood applic resin end applic area posit parti stronger finland market posit dyno nest stabl past year contrast norwai nest increas market share amp lt amp gt period dyno market share drop percentag point amp gt amp lt bulk declin dyno market share pick nest sweden dyno nest account amp gt market pf resin dyno amp lt nest amp lt casco account amp gt market uf uf resin uf uf resin dyno nest jointli achiev high market share nordic countri finland combin market share amp gt dyno amp gt nest amp gt norwai amp gt dyno amp gt nest amp lt assum region market compris norwai sweden dyno nest jointli account amp gt uf uf resin market dyno amp gt nest amp lt basi figur submit industri kapit commiss estim casco account amp gt market elf atochem amp lt product nest dyno direct wood applic resin end applic area posit parti stronger finland norwai entiti posit superior competitor industri kapit submit casco amp lt finland norwai casco largest competitor amp gt market borden amp lt market basi forego nest dyno jointli achiev strong posit finland norwai competitor market potenti competit argument appli pf uf uf resin industri kapit argu entri nordic market easili feasibl industri kapit market pf resin grow slightli european averag uf uf resin industri kapit submit growth slightli european averag industri kapit add growth prospect differ significantli depend applic area industri kapit futur growth expect finnish plywood industri glue bond timber beam industri mdf industri industri kapit submit plant construct construct announc particleboard industri industri kapit argu margin nordic countri significantli differ member state industri kapit submit probabl market entri post merger increas due custom multipl sourc polici final industri kapit argu resin custom invit supplier enter market commiss note entri nordic market formaldehyd base resin gener finland norwai past year investig show entri viabl forese futur reason set investig show entri nordic area difficult due fact market industri resin consid matur suppli demand balanc commiss note rate capac utilis nest dyno plant finland norwai pf resin amp gt uf uf resin amp gt excess capac dyno nest threat temporari capac increas deterr discourag entri industri kapit submit notif plant produc formaldehyd base resin set month cost eur amp gt million expans exist capac expens approxim eur amp lt million carri shorter time period month entri made difficult due fact custom access specif resin recip purchas commiss investig show custom typic limit knowledg specif recip case entri supplier suitabl recip develop resin basic begin scratch commiss enquiri show difficult newcom enter market develop resin quickli instanc plywood industri due special requir understand product wood speci product produc specif requir repli commiss enquiri custom competitor estim experienc supplier year develop resin market custom resin sourc dyno nest entrant establish resin produc appear produc suppli immedi resin requir instanc plywood manufactur paper manufactur comprehens suppli respons entri investig show entri made unattract due small size nordic market isol geograph locat high capit expenditur requir long difficult process obtain permit industri kapit submit manufactur industri resin scale driven busi raw materi purchas logist product amp critic success factor industri kapit raw materi volum proxim custom lead product technolog applic servic condit difficult entrant compet domin supplier industri kapit argu custom present captiv product set product facil manufactur formaldehyd base resin short period time industri kapit argu custom produc resin hous produc insul materi custom nordic area possibl produc resin hous custom contact commiss case price increas start produc formaldehyd base resin repli commiss questionnair show resin plant requir signific financi invest expertis develop resin readili instanc paper impregn resin custom case reluct commit core busi custom product profit due small amount resin requir commiss conclud start hous product econom viabl solut custom react price increas custom case price increas start import russia baltic state countri central eastern europ essenti reason discuss connect relev geograph market custom manufactur countri realist altern inter alia due high transport cost limit product rang low qualiti absenc suppli secur basi forego conclud competit pressur potenti competit russia baltic state entri nordic area limit relat captiv product resin conclud potenti competit suffici offset market power entiti market formaldehyd base resin finland norwai comment parti custom situat nordic countri gener competit dyno nest market formaldehyd base resin uf uf pf intens comparison quantiti sourc custom produc year confirm demonstr quantiti sourc produc chang drastic year due differ price suppli condit custom plywood industri insul materi resin impregn paper express concern propos transact custom oper notifi lead price increas potenti foreclosur market reduct current product rang reduct amp oper industri kapit domin supplier formaldehyd base resin finland norwai finland de facto monopoli fact altern supplier consider smaller combin entiti absenc potenti competit industri kapit act independ market rais price conclus view forego commiss conclud oper lead creation domin posit pf resin uf uf resin finland question norwai constitut distinct geograph market form part wider geograph market compris norwai sweden final left open undertak divest finnish plant necessarili remov potenti competit problem norwai formaldehyd actual competit nest dyno overlap activ product sale formaldehyd finland produc oper parti de facto monopoli suppli formaldehyd parti countri industri kapit submit addit nest dyno bang amp bonsom activ independ distributor formaldehyd small volum custom commiss note bang amp bonsom distribut formaldehyd produc nest consid competit altern combin entiti industri kapit submit caldic netherland synthit elf atochem degussa competitor suppli formaldehyd parti commiss investig show produc activ finland potenti competit industri kapit argu produc close finland excess capac start deliv formaldehyd finnish market short time period industri kapit compani includ casco product sweden viru keemia grupp estonia akron russia commiss investig comment obtain custom demonstr price charg produc higher charg local produc due transport cost investig show vast major formaldehyd transport radiu km discuss industri kapit claim nest time time obtain volum formaldehyd plant netherland perstorp sweden dyno import formaldehyd casco sweden finland import spot deliveri custom gener term import formaldehyd custom finland casco viabl altern dyno nest transport cost investig custom finland sourc formaldehyd casco commiss note custom report attempt purchas formaldehyd russia past attempt fail due technic difficulti basi forego view high transport cost commiss import russia baltic state constitut competit altern custom locat finland investig show market entri finnish market year investig suggest potenti competitor enter finnish formaldehyd market futur due fact set plant time costli addit administr procedur public approv consid burdensom parti argu formaldehyd chemic low margin likelihood market entri low strong posit merg entiti question custom start product formaldehyd investig show realist altern essenti reason appli formaldehyd base resin custom formaldehyd formaldehyd small econom product requir volum minimum tonn year order produc formaldehyd econom profit term sell excess capac free market competit consider stronger entiti repli commiss statement object industri kapit submit formaldehyd technolog base reactor design product tonn year formaldehyd product base kind technolog requir significantli smaller annual product econom profit confirm commiss investig repli commiss statement object industri kapit submit competit pressur urea formaldehyd pre condens ufc produc respect industri kapit submit formaldehyd develop ufc interim product produc formaldehyd plant ad urea formaldehyd water absorpt column industri kapit submit ufc raw materi product uf uf resin condens stage industri kapit contend ufc stabl high resin content small amount water compar standard solut formaldehyd industri kapit argu increas transport ufc compar straight formaldehyd commiss enquir confirm industri kapit argument competit pressur aris ufc parti contact commiss event increas price formaldehyd start sourc ufc comment parti custom formaldehyd express concern transact oper parti enjoi de facto monopoli suppli formaldehyd parti finland act independ market increas price potenti threat custom bui low margin product resin product eventu forc bui expens higher margin readi made resin entiti concern express relat capac decreas parti explain commiss concern entiti reduc sale formaldehyd parti oper lead foreclosur market conclus basi forego commiss conclud oper notifi lead creation domin posit finland market sale formaldehyd parti methanol advers competit effect aris manufactur distribut methanol nest dyno combin market share market encompass eea vertic relationship methanor market share approxim eea lead advers competit effect foreclosur market materi handl system arca polimoon main produc plastic materi handl system nordic countri finland sweden norwai dyno joint control cvc polimoon oper industri kapit control arca dyno polimoon compani produc rang materi handl product except plastic foldabl pallet contain produc polimoon oper lead substanti addit market share product market defin consist type materi handl system consist separ market defin individu product market share arca polimoon materi handl system present tabl figur base industri kapit estim term quot nordic region quot understood compris finland sweden norwai tabl gt tabl gt tabl gt tabl gt tabl gt tabl gt tabl gt tabl gt tabl gt tabl gt tabl gt tabl gt tabl gt tabl gt oper rise possibl creation strengthen domin posit market plastic stack nest contain plastic stackabl contain plastic bottl trai finland sweden norwai parti market share parti obtain market share amp gt market plastic pallet finland sweden norwai amp gt plastic small part storag system sweden norwai basi product market compris plastic materi handl product parti likewis achiev domin posit finland sweden norwai market share geograph refer market assum wider includ denmark iceland parti market share amp gt plastic materi handl product area arca polimoon produc rang materi handl product plastic stack nest contain plastic stackabl contain plastic bottl trai plastic crate plastic pallet plastic small part storag system except plastic foldabl pallet contain produc polimoon larger european competitor linpac materi handl allibert ssi schäfer schoeller wafin trepak product facil finland sweden norwai substanti sale countri plastic form ab activ sweden schoeller plast limit sale denmark industri kapit state respons formal decis pursuant articl merger regul request name largest competitor product group finland sweden norwai denmark state competitor countri due fact remain competitor small market share industri kapit inform arca strongest oper nordic area polimoon substanti competitor arca oper industri kapit substanti control interest major competitor polimoon significantli weaken posit polimoon independ competitor arca exercis restrain pressur arca behaviour market indic competitor nordic area intend enter market conclus basi forego commiss conclud oper notifi lead creation strengthen domin posit market plastic stack nest contain plastic stackabl contain plastic bottl trai plastic pallet finland sweden norwai market plastic small part storag system sweden norwai altern market plastic materi handl system nordic region compris finland sweden norwai plastic contain region market constitut nordic area finland sweden norwai denmark combin market share polimoon superfo open top contain litr exce amp lt product segment combin market share lower competitor activ nordic market includ larg player huhtamaki van leer rexam plm signific number smaller supplier present custom express concern transact relat plastic contain custom switch supplier past face price increas competitor contact commiss confirm competit condit prevail market transact basi forego commiss conclud transact notifi lead creation domin posit plastic contain nordic area vi modif propos transact order remov competit concern identifi commiss parti offer commiss undertak full text undertak annex decis full text annex undertak form integr part decis industri kapit propos divest formaldehyd resin plant dyno kite finland exist potenti competitor event transact place time period foreseen industri kapit divest formaldehyd resin plant nest hamina finland case divestitur kite busi industri kapit undertaken nest offer owner kite plant exclus licens nest recip product impregn resin kite industri kapit propos dyno sell share polimoon purchas independ industri kapit industri kapit releas commit divest time period foreseen decis complet hold arca buyer independ industri kapit commiss consid undertak suffici remov competit concern identifi case regard formaldehyd base resin finland norwai domin posit disappear sale kite plant hamina plant carri finland entir overlap activ nest dyno remov plant divest norwai altern area cover norwai sweden market share increment result import nest hamina plant sale nest hamina plant remov entir overlap dyno nest event dyno kite plant sold commiss consid owner start export resin norwai equal basi hamina plant parti provid inform transport cost show kite plant wors posit respect current custom nest norwai switch owner kite plant transport cost inhibit switch market formaldehyd divest kite hamina plant remov entir overlap dyno nest finland remov competit concern aris market concern market materi handl system undertak remov entir overlap industri kapit polimoon vii conclus light forego commiss reach conclus notifi concentr declar compat common market function eea agreement subject condit full complianc undertak commiss adopt decis articl concentr notifi industri kapit januari industri kapit acquir share dyno asa declar compat common market function eea agreement subject condit full complianc undertak industri kapit commiss set annex articl decis address industri kapit birger jarlsgatan stockholm brussel juli commiss mario monti member commiss oj correct version oj oj oj part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk commiss decis march case iv fletcher challeng methanex decis march case iv fletcher challeng methanex decis march case iv cvc capit partner dynoplast annex undertak industri kapit nv behalf behalf group compani ultim control hereinaft jointli refer industri kapit make commit commit european commiss order obtain commiss clearanc industri kapit nordkem notifi public bid share dyno asa concentr commit sell formaldehyd resin plant kite hamina industri kapit dyno asa dyno divest formaldehyd resin plant kite kite busi nest chemic oy divest formaldehyd resin plant hamina hamina busi ongo concern suitabl purchas defin point industri kapit seek sell kite busi period time set point kite period fail sale sell hamina busi addit period time set point hamina period kite busi hamina busi includ personnel exist asset includ exclus licenc amp facil continu product sale formaldehyd wood panel resin impregn resin kite hamina case case divestitur kite busi industri kapit nest offer subject parti right owner kite busi exclus licenc nest recip product impregn resin kite licenc grant reason commerci term case disagr decid arbitr nest owner kite busi suitabl purchas viabl exist prospect competitor independ unconnect merg entiti abil maintain develop kite busi hamina busi activ competit forc market concern suitabl purchas approv commiss prior sign final agreement sale week date commiss decis clear concentr industri kapit appoint independ truste invest bank similar institut truste truste subject approv commiss immedi appoint truste industri kapit give truste mandat term previous agre commiss includ function monitor oper manag kite busi kite period hamina busi hamina period order report continu viabil market ii monitor satisfactori discharg industri kapit oblig divest kite busi hamina busi case iii execut sale hamina busi case mandat truste pursuant point iv provid written report month commiss copi industri kapit manag effort sell kite busi hamina busi provid evid commiss sale kite busi hamina busi case final complet prior complet sale kite busi hamina busi case industri kapit undertak ensur kite period kite busi hamina period hamina busi held separ manag distinct saleabl entiti manag account industri kapit undertak ensur kite busi hamina busi case manag separ distinct merg entiti supervis truste manag guidanc control truste instruct manag kite busi hamina busi case independ basi order ensur continu viabil market independ addit industri kapit undertak ensur structur made kite busi kite period hamina busi kite period hamina period prior approv commiss industri kapit sign bind agreement sale kite busi subject due dilig regulatori approv suitabl purchas month date commiss decis clear concentr period time refer kite period industri kapit fulfil undertak divest kite busi end time period set point give truste irrevoc power attornei sell hamina busi suitabl purchas addit period month month date commiss decis clear concentr period time run end kite period end addit period set refer hamina period commit sell share polimoon group industri kapit undertak dyno sell share share polimoon group polimoon purchas independ industri kapit share purchas share purchas approv commiss prior sign final agreement sale week date commiss decis clear concentr industri kapit propos invest bank similar institut share truste share certif respect share deposit pend divestitur share share truste subject approv commiss share certif respect share deposit share truste week commiss approv share truste irrevoc instruct consult seek instruct industri kapit relat exercis pertain share ii provid privileg inform industri kapit share truste obtain virtu share iii appoint behalf dyno sole discret director board polimoon director owner emploi industri kapit part manag iv deliv share certif respect share share purchas advis industri kapit share sold industri kapit week date commiss decis clear concentr dyno nomin director resign current board directorship polimoon industri kapit refrain give instruct member board director manag polimoon exercis virtu share sharehold agreement pertain share industri kapit sign bind agreement sale share share purchas date commiss decis clear concentr share truste instruct industri kapit immedi confirm write commiss share certif respect share deposit provid commiss copi instruct industri kapit pursuant point share truste report write commiss share final divest industri kapit releas commit relat share case industri kapit divest complet hold arca system ab buyer independ industri kapit releas subject prior approv commiss miscellan truste share truste institut subject commiss approv industri kapit pai reason remuner truste share truste servic industri kapit ensur truste share truste inform assist requir order carri mandat industri kapit altern truste share truste provid commiss fulli document reason propos pursuant point enabl commiss assess prospect purchas satisfi relev purchas criteria ii envisag time complet divestitur iii purchas expect obtain approv compet regulatori bodi prior approv commiss request meet prospect purchas deem submiss busi plan kite busi hamina busi case commiss week receipt fulli document propos prospect purchas express write disagr negoti parti valid purchas free proce case commiss request addit inform receipt inform constitut start point week refer