Sale of Kemira's South Korean hydrogen peroxide unit to DegussaHeadwaters Korea confirmed

11-Sep-2006

The sale of Kemira's South Korean hydrogen peroxide unit to DegussaHeadwaters Korea has been confirmed. Kemira Pulp & Paper Chemicals' (PPC) primary objective is to serve the customers in the pulp and paper industry whereas South Korean plant has mainly served the needs of the customers outside the targeted industry sector. The unit's annual revenue has been approximately EUR 20 million. The final selling price is EUR 27,5 million.

In connection with the sale of the hydrogen peroxide unit, Kemira PPC is establishing a new company, Kemira Korea Corporation, which shall continue and strengthen Kemira's pulp and paper chemicals business operations in Korea.

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