“We see great potential for Dynea in Ukraine and we will be the market leader in adhesive resins,” said Roger Carlstedt, president and CEO of Dynea Oy.

Ukraine, which has nearly 50 million inhabitants, is seeing strong growth in its construction and furniture industries.

“We are establishing our presence in Ukraine in a well-timed fashion with a longer term view on investing in a local production facility to enable superior service to our customers,” said Olli Kontinnen, who has been appointed general director of Dynea Ukraine Ltd.