Kemira Oyj
Press Release
April 23, 2013 at 2.30 pm (CET+1)
Kemira is planning to consolidate its paper chemicals production into larger production units and to close its production facility in Vaasa, Finland. The objective is to optimize the capacity utilization rate and efficiency of Kemira's process chemicals production network. The annual cost savings for the planned site closure are expected to reach EUR 5 million and the related non-recurring restructuring charges are expected to be approximately EUR 15 million.
Kemira Chemicals Oy will initiate co-determination negotiations during April aiming at closing the production in Vaasa by the end of 2013. The planned measures may lead to the reduction of the entire Vaasa production staff, altogether 60 positions.
For more information, please contact
Kemira Oyj
Kenneth Nysten, SVP, Regional Business Unit Paper, EMEA
tel. +358 (0)50 4099294
Anna-Kaisa Säkkinen, Sr Manager, External Communications
tel. +358 (0)10 86 21756
Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2012, Kemira had annual revenue of EUR 2.2 billion and around 4,900 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com (http://www.kemira.com/)
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Kemira Oyj via Thomson Reuters ONE
