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Eastern European Markets
NEWS RELEASE
August, the 18th, 2008

Tikkurila to establish a sales company in Minsk, Belarus

Following its strategy of growth, Tikkurila, which is responsible for Kemira's paints and coatings business, will strengthen its position in East Europe by establishing a sales company called IP Tikkurila in Minsk to be responsible for the marketing, sales and distribution of Tikkurila's decorative paints and industrial coatings in Belarus.

IP Tikkurila has its office and warehouse in Minsk, the capital of Belarus. The new company is led by Mr. Mauno Nurm , Country Manager, who has several years' experience of sales and managerial positions in Tikkurila companies in East Europe.

Tikkurila has been exporting paints and coatings to Belarus since the beginning of 2000 through importers. A sales company owned by Tikkurila itself will boost the expansion of the dealer network and increase its market share while also improving the service for industrial customers. Tikkurila aims at reaching a position among the most significant paint companies in Belarus within a few years.   

Belarus has a population of approx. 9 million and a rapidly developing paint market with a volume of approx. 55 million litres (decorative paints and industrial coatings). Paint consumption per capita is approx. 6 litres, while the corresponding figure for West Europe is 15-20 litres. The economic growth in Belarus has been nearly 10% during the past few years, and this growth rate is expected to continue.

About Tikkurila:
Tikkurila (Kemira Coatings) is the leading supplier of paints in Northern and Eastern Europe, providing consumers and professionals with branded products in approximately 40 countries. The product range consists of decorative paints and coatings for the woodworking and metal industries. In 2007, the company had net sales of approx. EUR 625 million and a payroll of 3,800 employees.

Further information:
Tikkurila Oy (Kemira Coatings)
Janno Paju, Vice President, Deco East
Mobile phone +372 5330 1721
IP Tikkurila
Mauno Nurm, Country Manager, Belarus
Mobile phone +372 504 5540
Tikkurila Oy (Kemira Coatings)
Arja Schadewitz, Communications Manager
Phone +358 9 8577 2475

www.tikkurila.com


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