Kemira sells fluorescent whitening agents to German Catec GmbH
(Thomson Reuters ONE) -
Kemira Oyj
Press Release
June 23, 2010 at 9.00 am (CET+1)
Kemira Oyj and German Catec GmbH financially supported by Fengler Beteiligungs
GmbH have signed a contract, according to which Kemira sells its global
Fluorescent Whitening Agents (FWAs) business to Catec. FWAs improve the
whiteness and brightness of paper. The deal covers a production plant in
Leverkusen, Germany, the global FWA sales network and the associated support
functions. The FWA business and its staff of about 100 persons will be
transferred to the new owner once the companies have closed the transaction in
August 2010.
Kemira has informed the Works Councils about the transaction and the
co-determination negotiations will start immediately.
The transaction does not have any significant impact on Kemira's financial
figures, and the parties have agreed not to disclose the transaction price.
"Kemira is focusing according to its strategy on products and services that
enhance the water quality and quantity management in the water intensive
industries such as pulp and paper industry. Exiting FWA business is in line with
our strategy to enhance the product lines which are common for all our segments
and on which we are building our competitiveness", states Petri Helsky, head of
Paper segment.
Further information:
Kemira Oyj
Jyrki Mäki-Kala, Chief Financial Officer
Mobile +358 40 534 1060
Petri Helsky, President
Paper
Mobile + 358 50 359 7329
On behalf of Catec GmbH
Mr. Eckhard Wenderoth
Mobile +49 (0)173 8888 389
Kemira is a global two billion euro chemicals company that is focused on serving
customers in water-intensive industries. The company offers water quality and
quantity management that improves customers' energy, water, and raw material
efficiency. Kemira's vision is to be a leading water chemistry company.
www.kemira.com
www.waterfootprintkemira.com
[HUG#1426424]
Link to the release (Pdf): http://hugin.info/3008/R/1426424/374392.pdf
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Source: Kemira Oyj via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 23.06.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 22883
Anzahl Zeichen: 0
contact information:
Town:
Helsinki
Kategorie:
Business News
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