Kemira acquires Chongqing Lanjie Tap Water Materials
Advertisement
The agreement between Kemira and the shareholders of Chongqing Lanjie Tap water Materials Co., Ltd has been confirmed. Kemira has acquired 80% of the shares in the Chinese company. The new name of the company will be Kemira Water Solutions (Chongqing) Co., Ltd.
Chongqing Lanjie Tap Water Materials Co., Ltd is a producer of inorganic coagulants and organic polymers for water treatment in the municipality of Chongqing, located in central China. Its main client base is in the local potable water production. The company's current revenue, in the range of EUR two million annually, is expected to grow rapidly in the years to come.
Besides the growing market in the potable water area the company will be targeting industrial waste water and municipal sewage treatment sectors as well.