Kemira looks into options for Kemira Pigments and Chemidet ownership
Kemira has initiated a process to evaluate strategic alternatives for its business units pigments and Chemidet with the objective of increasing the Company's focus on its core businesses. This process is estimated to conclude by year end 2007. The ChemSolutions business unit will become part of Kemira's Pulp&Paper business on July 1, 2007 and it will continue its current operations in line with its recently outlined customer segment strategy. The Kemira Specialty business area will cease to exist if Pigments' and Chemidet's ownership changes.
Kemira Pigments produces titanium dioxide in Pori, Finland and operates a technology center in Germany and a cosmetics markets company called TRI-K Industries in the Unites States. Kemira Pigments focuses on high value-added, high growth markets such as the flexible packaging and cosmetics industries, where it holds leading market positions. Pigments generated revenues of EUR230 million in 2006. Chemidet produces sodium percarbonate for the detergent industry in Helsingborg, Sweden and generated revenues of EUR54 million in 2006. ChemSolution specialises in organic acids and acid derivatives for demanding customer applications and generated revenues of EUR170 million in 2006.
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