BUSINESS ACTIVITIES OF KEMIRA SUBSIDIARY A. JALANDER OY TO BE BUSINESS ACTIVITIES OF KEMIRA SUBSIDIARY A. JALANDER OY TO BE

14-Jun-2001

The business activities, contracts, and employees of Kemira Agro Oy subsidiary A. Jalander Oy have been acquired by a new company, which will be named A. Jalander Oy. Jalander management will hold the majority in the new company, and Kemira will participate as an investor and minority owner with a stake of 16 %. The status of the staff will not be altered by the deal.

A. Jalander Oy manufactures pallets in Muurla and Oulu, and is the leading company in the sector in Finland. In addition to pallets, the company provides clearance services for ships in Kokkola. The net sales of Jalander totalled 8.8 million euros last year. Personnel numbers 45.

Through the deal, Jalander will further increase its focus on the development of customer service as well as other customer-based functions and products. Delivery contracts that have already been made with clients will be fulfilled without any changes, comments Jalander Managing Director Heikki Lehtimäki. Kemira for its part seeks growth from comprehensive services related to pulp and paper chemicals, water treatment chemicals, and paints and coatings. Kemira also focuses on specialty fertilizers and industrial chemicals.

This arrangement will not affect the position of suppliers or partners. All contracts will continue unchanged for their duration. Jalander will also strive for long term partnerships with all suppliers, where reliability and a good overall quality of business are common goals for all parties.

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