November 29, 2006
Kemira acquired Mondi's shares in Kemira Swiecie, Poland
Kemira has acquired Mondi's shares of the joint venture Kemira Swiecie Sp.zo.o. in Poland. Kemira has owned 65% of the shares and Mondi 35%. The transaction gives Kemira 100% ownership of the company.
Kemira produces crude tall oil at Mondis site in Swiecie. Tall oil is used for further processing at Kemira's site in Krems, Austria. The tall oil cooperation with Mondi will continue as before after the deal.
In addition to this, Kemira Swiecie produces and sells a variety of other paper chemicals. Kemira is planning to further develop its business in eastern Europe, and is looking into possibilities to increase the production of paper chemicals in Poland. The acquisition of the shares in Kemira Swiecie is part of Kemira's strategy to strengthen its position in growing markets.
For further information
Pulp & Paper Chemicals Business Area
Harri Kerminen, President, Kemira Pulp & Paper Chemicals
Tel. +358 10 8611, mobile +358 500 81 7230
Mats Rönnbäck, Vice President, Paper Chemicals
Tel. +46 4217 1000, mobile +46 737 191 606
Witold Stempkowski, Managing Director, Kemira Swiecie Sp.zo.o
Tel. +48 523 330 635, mobile +48 60 223 0292
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