Kemira builds Hydrogen peroxide plant in Uruguay
South Korean unit sold to Degussaheadwaters
Kemira will build a hydrogen peroxide plant in South America, on the site of Botnia's pulp mill, which is under construction in Fray Bentos, Uruguay. After this addition Kemira's chemical island includes sodium chlorate, chlorine dioxide, oxygen and hydrogen peroxide. Kemira's investment will total over EUR 80 million.The start-up of the plants is scheduled for 2007. The most of new production capacity in short-fibre pulp will be built in South America, which is able to supply the pulp producers with Eucalyptus fibre having a very fast growth capacity. Eucalyptus is especially suited for fine paper and tissue paper qualities.
Kemira sells its South Korean hydrogen peroxide unit to DegussaHeadwaters Korea for EUR 27.5 million. The South Korean plant has served mainly customers outside pulp and paper industry which is Kemira Pulp & Paper Chemicals' (PPC) primary customer sector. The unit's annual turnover has been approximately EUR 20 million. The transaction remains subject to regulatory approvals.
The turnover of Kemira's Pulp & Paper Chemicals business is approximately EUR 1.1 billion and the company has a payroll of 2,500 employees.
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