Kemira Oyj completes acquisition of Arkema's coagulant business for water treatment

Nordic Business Report, Dec 3, 2007

NORDIC BUSINESS REPORT-3 December 2007-Kemira Oyj completes acquisition of Arkema's coagulant business for water treatment(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish chemicals group Kemira Oyj said on Monday (3 December) that the transaction by which Kemira Chimie S.A. in France and Kemira Iberica SA in Spain acquire Arkema's coagulant business for water treatment has concluded.

Kemira said that with the acquisition Kemira Water improves its market position for coagulants in France and Spain.

The acquired Arkema's coagulant business includes three production units located in France and Spain. The main customer base is municipalities for potable and wastewater treatment.

In 2006, the revenue of Arkema's coagulants business for water treatment totalled approximately EUR19m.

Kemira Oyj, headquartered in Helsinki, Finland, is a chemicals group that operates in 40 countries. In 2006 Kemira recorded revenue of EUR2.52bn and it has some 8,000 employees. The company is listed on the OMX Nordic Exchange in Helsinki.

One British pound (GBP) is worth approximately 1.40 euros (EUR).

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