logo


Kemira acquires Akzo Nobel's iron coagulant business in the Nordic countries
Wednesday, September 23, 2009 6:31 AM


Sep. 23, 2009 (Hugin AS) --

Kemira Oyj
Press Release
September 23, 2009 at 13.30 pm (CET+1)

Kemira and Akzo Nobel (OOTC:AKZOY) have reached an agreement whereby Kemira will
take over Akzo Nobel's iron coagulant sales and supply in the Nordic
countries (Sweden, Norway and Denmark). Iron coagulants are used in
water treatment. The transaction represents approximately 20% of the
Swedish iron coagulant markets. The parties have agreed not to
disclose any financial details about the agreement which will be in
force starting from November 2, 2009.

Kemira and Akzo Nobel will ensure an uninterrupted supply to the
customers. The supply of iron coagulant products will be done from
Kemira's Helsingborg site in Sweden.

"Kemira has a local presence in over 40 countries and a competitive
manufacturing network. We are a market leader in coagulants in North
America, Europe and Brazil. This acquisition is part of our strategy
to enforce our market position. By enforcing our presence in the
Nordic countries we can serve our municipal and industrial customers
even better", says the head of the Industrial customer segment Hannu
Virolainen.

For more information, please contact

Kemira Oyj
Hannu Virolainen, Senior Vice President, Industrial customer segment
Mobile phone: +358 50 500 4001

Leena Lie, Vice President, Communications
Mobile phone: +358 40 745 7943



Kemira is a global 2.8 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. Its paints and coatings business
Tikkurila, aims to be the market leader in decorative paints and
selected wood and metal coatings in chosen markets.

www.kemira.com


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

http://hugin.info/3008/R/1343162/321701.pdf

(Source: iStockAnalyst )


(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
  • No Stories Found
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia