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Displaying items by tag: Kemira

Tuesday, 17 March 2015 05:05

Appointment in Kemira's management

Kemira rgb negMats Rönnbäck has been appointed as interim President, Paper segment and Asia Pacific region and member of Kemira's Management Board as of April 1, 2015. Mats is currently based in Hong Kong. As announced earlier this year, Petri Helsky will leave Kemira to take up the position of CEO of Metsä Tissue Corporation on April 16, 2015.

"The search for the new Paper segment leader is ongoing. To ensure that we continue to deliver on our growth strategy in Paper, Mats Rönnbäck will take on an interim basis the leadership of the segment and APAC region. Mats has been with Kemira since 1990 and has a vast experience in the pulp and paper business", said Jari Rosendal, Kemira's President and CEO.

For more information, please contact

Kemira Oyj
Leena Lie, SVP, Communications and Corporate Responsibility
Tel.  +358 10 862 1153

Tero Huovinen, VP, Investor Relations
Tel. +358 10 862 1980

Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2014, Kemira had annual revenue of EUR 2.1 billion and around 4,250 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com
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Logo slogan belowThe Nomination Board proposes to the Annual General Meeting of Kemira Oyj that six members be elected to the Board of Directors and that the present members Wolfgang Büchele, Winnie Fok, Juha Laaksonen, Timo Lappalainen, Jari Paasikivi and Kerttu Tuomas be re-elected as members of the Board of Directors. In addition, the Nomination Board proposes Jari Paasikivi to be re-elected as the Chairman of the Board of Directors and Kerttu Tuomas to be re-elected as the Vice Chairman. All the nominees have given their consent to the position.

The Nomination Board proposes to the Annual General Meeting that the annual fees paid to the members of the Board of Directors would increase. The annual fee for the Chairman is proposed to be increased to EUR 80,000 from EUR 74,000 per year, for the Vice Chairman and the Chairman of the Audit Committee to EUR 49,000 from EUR 45,000 per year and for the other members to EUR 39,000 from EUR 36,000 per year. Annual fees have not been increased since 2011, except the annual fee for the Chairman of the Audit Committee which was increased in 2013. A fee payable for each meeting of the Board of Directors and the Board Committees is proposed to remain unchanged. A fee payable for each meeting would thus be as follows; members residing in Finland EUR 600, for the members residing in rest of Europe EUR 1,200 and for the members residing outside Europe EUR 2,400. Meeting fees have not been increased for the members of the Board of Directors residing in Finland since 2005, and for the members of the Board of Directors residing outside Finland since 2006. Travel expenses are proposed to be paid according to Kemira's travel policy.

In addition, the Nomination Board proposes to the Annual General Meeting that the annual fee be paid as a combination of the company's shares and cash in such a manner that 40% of the annual fee is paid with the company's shares owned by the company or, if this is not possible, shares purchased from the market, and 60% is paid in cash. The shares will be transferred to the members of the Board of Directors and, if necessary, acquired directly on behalf of the members of the Board of Directors within two weeks from the release of Kemira's interim report January 1 - March 31, 2015. The meeting fees are proposed to be paid in cash.

The Nomination Board has consisted of the following representatives: Pekka Paasikivi, Chairman of the Board of Oras Invest Oy as the Chairman of the Nomination Board; Kari Järvinen, Managing Director of Solidium Oy; Risto Murto, President and CEO, Varma Mutual Pension Insurance Company and Timo Ritakallio, Deputy CEO, Ilmarinen Mutual Pension Insurance Company as members of the Nomination Board and Jari Paasikivi, Chairman of Kemira's Board of Directors as an expert member.

For more information, please contact

Pekka Paasikivi, Chairman of the Kemira Nomination Board
+358 10 2868 100

Kemira Oyj
Tero Huovinen, VP, Investor Relations
+358 10 862 1980

Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2013, Kemira had annual revenue of EUR 2.2 billion and around 4,500 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com

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Kemira rgb negPetri Helsky, President of Paper segment and Asia Pacific region will leave Kemira to take up the position of CEO of Metsä Tissue Corporation.

Petri Helsky will continuein his current position and as a member of Kemira's Management Board latest until the end of June 2015. Kemira has started the process of finding a successor to lead the Paper segment and the Asia Pacific region.

"I want to thank Petri for his achievements in a number of leadership positions in Kemira since 2007. I wish him best of success with his new challenges", said Jari Rosendal, Kemira's President and CEO.

For more information, please contact


Kemira Oyj
Jari Rosendal, President and CEO
Tel. +358 10 862 1801

Leena Lie, SVP, Communications and Corporate Responsibility
Tel. +358 10 862 1153

Tero Huovinen, VP, Investor Relations
Tel. +358 10 862 1980

Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2013, Kemira had annual revenue of EUR 2.2 billion and around 4,500 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com

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Logo slogan belowThe Board of Directors of Kemira Oyj has decided to establish a new long-term share-based incentive plan directed to a group of key employees in Kemira. The aim of the new plan is to combine the objectives of the shareholders and the persons participating in the plan in order to increase the value of Kemira, to commit the participants to Kemira, and to offer them a competitive reward plan based on earning Kemira's shares. 

The new Performance Share Plan includes three performance periods, calendar years 2015, 2016 and 2017. The Board of Directors of Kemira will decide on the Plan's performance criteria and on the required performance levels for each criterion at the beginning of each performance period. The potential reward of the Plan from the performance period 2015 will be based on the Kemira Group's revenue and on the Group's operative EBITDA margin.

The potential reward from the performance period 2015 will be paid partly in Kemira's shares and partly in cash in 2016. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to the participant. As a rule, no reward will be paid, if a participant's employment or service ends before the reward payment.

The shares paid as reward may not be transferred during the restriction period, which will end two years from the end of the performance period. Should a participant's employment or service end during the restriction period, as a rule, he or she must gratuitously return the shares given as reward.

The Board of Directors recommends that a member of the Management Board will own such number of Kemira's shares that the total value of his or her shareholding corresponds to the value of his or her annual gross salary as long as the membership continues. If this recommendation is not yet fulfilled, the Board of Directors recommends that a member of the Management Board will hold 50 per cent of the net number of shares given on the basis of this plan also after the end of the restriction period, as long as his or her shareholding in total corresponds to the value of his or her annual gross salary.

The Performance Share Plan is directed to approximately 90 people. The rewards to be paid on the basis of the 2015 earning period of the Performance Share Plan correspond to the value of an approximate maximum total of 585,000 Kemira Oyj shares and additionally the cash proportion intended to cover taxes and tax-related costs.

Kemira Oyj
Board of Directors

For more information, please contact

Kemira Oyj

Jukka Hakkila, Group General Counsel

Tel. +358 10 862 1690

Tero Huovinen, VP, Investor Relations

Tel. +358 10 862 1980                                   

Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2013, Kemira had annual revenue of EUR 2.2 billion and around 4,500 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com

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Tuesday, 16 December 2014 06:40

Changes in Kemira Oyj's management

Logo slogan belowPresident of Kemira's Paper segment Petri Helsky, M.Sc. (Chem. Eng.), M.Sc. (Econ.), will assume a second role as the President of the Asia Pacific Region as of January 1, 2015. Petri Helsky continues to be a member of the Kemira Management Board and reports to President and CEO Jari Rosendal in these roles. He is based in Hong Kong.

Joe Chan, EMBA, is appointed President, China as of January 1, 2015. In his new role, Joe Chan continues to drive profitable growth in the Chinese market. Joe will report to Petri Helsky, President of Paper Segment and APAC Region. He is based in Shanghai.

These changes in Kemira's management are made to support the announced preliminary agreement to acquire AkzoNobel's paper chemical business, which will double Kemira's Paper business in Asia Pacific. The intended transaction was announced in July 8, 2014 and is expected to be closed in the first quarter of 2015.

For more information, please contact

Kemira Oyj
Leena Lie, SVP, Communications and Corporate Responsibility
+358 10 862 1153

Tero Huovinen, VP, Investor Relations
Tel. +358 10 862 1980

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Kemira celebrated the completion of the company’s new Nanjing production base. Over 200 distinguished guests were invited to witness this historical moment, including Marja Joenusva, Consul General of the Republic of Finland, and Jari Rosendal, President and CEO at Kemira, senior officials from the Nanjing government, Kemira’s clients, media representatives and company staff.

2014-11-28 214403

The Nanjing plant is located in the Nanjing Chemical Park, Jiangsu Province. Kemira’s already completed and future investments into the plant will amount to approximately USD 100 million in an area of 77,000㎡. It will provide a wide range of functional and process chemicals for water-intensive industries such as the paper industry. The estimated annual capacity is 100,000 tons. The first phase operations provide nearly 100 jobs for the local community. After the ground breaking in September, 2011, the construction was completed in August 2013, and the production started in the end of 2013.

The new plant is equipped with cutting-edge facilities offering the highest quality, featuring a high degree of automation and use of sophisticated IT-systems in the production process. The plant operations are supported by Kemira’s global expert teams with strong R&D capabilities, the Asia-Pacific R&D Center in Shanghai and local laboratories. The plant conforms to the highest EHS (environment, health and safety) standards in the industry, striving to be a leader in the sustainable development of China’s chemical industry.

Kemira’s new plant is focused on the Asian market, China in particular. Production will be mainly serving the paper industry, while at the same time providing products and services to the oil & mining industry and municipal water treatment. Currently there are five production lines serving across an array of chemical products for pulp and paper manufacturing. The production capacity for sizing agent (ASA), which mainly used for improving water-resistance in middle to high end paper, will be the largest in Asia.

Besides ASA products, the new plant also produces polyacrylic ester, polyacrylamide emulsion, defoamers, and deinking agents, all of which are widely applied in key paper manufacturing processes.

“This investment is an important move for Kemira to strengthen its position in China and promote sustainable development in the paper industry,” said Jari Rosendal, President and CEO of Kemira. He further noted, “As a global chemicals company focused on serving the water intensive industries, Kemira has consistently helped clients to create more value by providing expertise, application know-how and tailored chemicals for improving our customers’ water, energy and raw material efficiency. Here in China and Asia-Pacific, we see huge business potential for us especially in serving the paper industry. We demonstrated our commitment to this industry and the region recently by announcing the acquisition of AkzoNobel’s global paper chemical business. This alone will double the size and scope of our business in the Asia-Pacific region.”

Joe Chan, President of Asia-Pacific Region at Kemira, commented: “Kemira always endeavors to provide the water-intensive industries with the best possible service and support. To further satisfy the needs of Asian and local Chinese customers, and to differentiate ourselves to gain a competitive edge, we need to constantly work on technological innovation, provide a comprehensive range of products and deliver the finest professional technical service. The completion of our new plant in Nanjing will undoubtedly raise the quality standards of our local products and service. We also hope it would develop into a leading benchmarking enterprise in China’s chemical industry, contributing to the production and operating standards in the industry.”

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Kemira rgb negKemira will implement a price increase of up to 20% for selected Fennosize products globally. The adjustment will be immediately implemented or as the existing contracts allow. The price adjustment is a result of very tight global olefin supply. Linear α-olefin is the main raw material for ASA-products. 

For more information:

Alexander Wahl
Global Marketing Manager Sizing
Tel. +43 664 1822127
This email address is being protected from spambots. You need JavaScript enabled to view it.

Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2013, Kemira had annual revenue of EUR 2.2 billion and around 4,500 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com

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Kemira rgb negKemira will make a multimillion investment in a production line expansion of process and functional chemistries at San Giorgio site in Italy. The production starts in the beginning of the year 2015 and reaches the full production capacity by the end of March, 2015.

"San Giorgio investment secures us a sustainable and cost effective manufacturing capability and we can effectively fulfill our customer needs and requirements in terms of strength aids and tissue specialties", says Roberto Zulian, Manager, Business Development, EMEA. "The strategic location of the plant ensures our ability to efficiently serve all the major European tissue and board customers, especially in Italy, Germany, Eastern European countries, Turkey and the Middle East."

The investment includes two separate production lines for anionic and cationic products which will produce FennoBond strength chemistries for tissue and also board customers. FennoBond technologies enhance tissue paper dry and wet tensile, and are most typically used for home towel, napkin and handkerchief consumer products. The key Kemira products include FennoBond 3300E, FennoBond 46 and FennoBond 85E.

"Kemira's San Giorgio investment is an important step in becoming a significant supplier for the tissue industry in EMEA region", says Antti Matula, Head of Marketing & Product Lines, Paper, EMEA. "This investment ensures delivery of high quality products to Kemira's valued customers."

For more information, please contact

Kemira Oyj
Roberto Zulian, Manager, Business Development, EMEA
+39 335 603 9824


Antti Matula, Head of Marketing & Product Lines, Paper, EMEA
+49 171 196 1641

Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2013, Kemira had annual revenue of EUR 2.2 billion and around 4,500 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.

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Thursday, 11 September 2014 11:49

Kemira invests in its hydrogen peroxide plant in Oulu

Logo slogan belowDue to the growing demand for pulp chemicals in Finland, Kemira has decided to make a multi-million euro investment in its hydrogen peroxide plant in Oulu. The improved efficiency and operational capabilities will enable Kemira to serve pulp and paper producers even better in the future.

Kemira continues to commit to the pulp and paper industry in Europe also by investigating other bleaching chemical investment needs to support the pulp and paper industry and the announced future pulp mill expansions.

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2014-08-20 073553 kemira logo 2014Kemira Oyj and Wilmar International Limited announced on November 1, 2013 the signing of a joint venture agreement between the subsidiaries of Kemira and Wilmar ("JVA") for the manufacture of AKD (alkyl ketene dimer) wax in China.

Kemira and Wilmar have now mutually agreed to terminate the JVA because of changes to their commercial objectives.

About Wilmar

www.wilmar-international.com

Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia's leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalization on the Singapore Exchange.

Wilmar's business activities include oil palm cultivation, oilseed crushing, edible oil refining, sugar milling and refining, specialty fat, oleochemical, biodiesel and fertilizer manufacturing and grain processing. At the core of Wilmar's strategy is a resilient integrated agribusiness model that encompasses the entire value chain of the agricultural commodity processing business, from origination and processing to branding, merchandising and distribution of a wide range ofagricultural products. It has over 450 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries. The Group is backed by a multinational workforce of about 90,000 people.

Wilmar's portfolio of high quality processed agricultural products is the preferred choice of the food manufacturing industry, as well as the industrial and consumer food catering businesses. Its consumer-packed products occupy a leading share in its targeted markets. Through scale, integration and the logistical advantages of its business model, Wilmar is able to extract margins at every step of the value chain, thereby reaping operational synergies and cost efficiencies. Wilmar remains a firm advocate of sustainable growth and is committed to its role as a responsible corporate citizen.

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