Displaying items by tag: Kemira

Logo slogan belowKemira, a global chemicals company serving customers in water intensive industries, announces price increase for its inorganic coagulant product lines for water treatment applications and specific pulp and paper manufacturing applications in selected European countries. The adjustment will be immediately implemented or as the existing contracts allow.

In addition to the operational efficiency improvements implemented in recent years, price adjustments for the iron and aluminum salts are necessary due to increased cost within the coagulant value chain, partially driven by local scarcity of certain raw materials and the overall increased regulatory and sustainability requirements.

The increase will range from 5-8% but can be significantly higher for specific product types in selected locations which are more acutely impacted by the above mentioned cost drivers. 

For more information:

Wido Waelput
Senior Vice President, Kemira M&I EMEA
Tel. +49 172 884 349 6
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Harri Eronen
VP, Sales & Technical Service, Paper EMEA
Tel. +49 171 802 8790
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About Kemira

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 2015, Kemira had annual revenue of EUR 2.4 billion and around 4,700 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.
www.kemira.com

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Kemira rgb negKemira Oyj has successfully started up production in its new sodium chlorate plant located in Ortigueira, Paraná, Brazil. The sodium chlorate produced at the plant is used for on-site generation of chlorine dioxide, a key bleaching agent in bleached pulp production.

Kemira's plant is built adjacent to Klabin SA's new pulp mill securing a long-term partnership between the two units. This concept is a good example of sustainable circular economy where the production facilities make use of renewable energy from the pulp mill, Kemira providing the pulp production sodium chlorate it needs. Electricity is the main raw material for sodium chlorate.

"Kemira is a global leader in the production and supply of chemicals for the pulp and paper industry and has the most comprehensive offering for pulp production. The new plant strengthens our capabilities to serve the growing demand for pulping chemicals in the South American market", says Billy Ford, Senior Vice President, Pulp & Paper, The Americas.

The new pulp mill in Brazil (Puma Project) is the largest investment in Klabin's history and will almost double the company's production capacities. The unit has a capacity of 1.5 million tons of pulp, with 1.1 million tons of bleached hardwood pulp (eucalyptus) and 400,000 tons of bleached softwood pulp (pine). The new mill will also generate a renewable and sustainable bioenergy surplus of 150 MWh/h.

For more information, please contact

Kemira Oyj
Billy Ford, SVP, Pulp & Paper, Americas
Tel. +1 404 661 9336

Olli Turunen, VP, Investor Relations
Tel. +358 10 862 1255

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 2015, Kemira had annual revenue of EUR 2.4 billion and around 4,700 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.
www.kemira.com

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Logo slogan below kemiraKemira will invest approximately EUR 50–60 million in its Joutseno site in Finland to implement its growth strategy. Kemira is planning to build a completely new sodium chlorate production line and cell-room based on Kemira’s in-house technology that will significantly increase the Joutseno site’s current sodium chlorate capacity. The construction is expected to start in June 2016, after fulfillment of certain regulatory requirements. During the construction phase, the indirect employment impact is about 200 persons.

The new chlorate production unit is expected to be in operation during the fourth quarter of 2017. Sodium chlorate is the raw material for chlorine dioxide (ClO2), which is produced on-site at the pulp mills and it is the primary bleaching agent for kraft pulp.

“The consumption of bleaching chemicals is increasing due to the recent pulp mill expansions and the announced greenfield projects in the Nordics. We want to invest in our sodium chlorate capacity to ensure our ability to effectively serve our customers. This investment supports our strategy to grow faster than the market and to strengthen Kemira’s position as a leading supplier for the pulp & paper industry”, says Kim Poulsen, President, Pulp & Paper segment.

Kemira’s Joutseno site is currently employing 67 persons and produces a wide range of chemicals for pulp and paper industry.

For more information, please contact

Kemira Oyj
Antti Matula, Head of Marketing & Product Management
Pulp & Paper segment

Tel. +49 171 196 1641

Tero Huovinen, SVP, Communications and Corporate Responsibility

Tel. +358 10 862 1980

Olli Turunen, VP, Investor Relations

Tel. +358 10 862 1255

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 2015, Kemira had annual revenue of EUR 2.4 billion and around 4,700 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.
www.kemira.com

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Kemira has been awarded a start-up contract in the "Flying Eagle" project of Kotkamills mill in Kotka, Finland.

Kemira rgb negDuring the project, the current magazine paper machine (PM2) will be converted into a high performance food service board (FSB) machine. Kemira will supply the start-up with sizing, retention and drainage, board hygiene, and microbe control technologies. The start-up of the rebuilt machine is scheduled for June 2016, and the production capacity will be 400,000 t/a of high quality Nordic folding boxboard and recyclable barrier board for the food industry.

"Kemira is proud to have the opportunity to participate in the new Kotkamills board machine start-up", says Kimmo Strengell, Marketing Manager, Strength & Tissue Additives, Pulp & Paper EMEA. "With our expertise, service capability and broad portfolio of board making chemistries, we are able to support Kotkamills in reaching the desired quality and productivity targets of the new board grade."

Kemira microbe control programs ensure hygienic quality of the food service board. Hygienic quality control is critical for FSB machines: if the final board doesn't meet the expected hygienic quality standards, converters can reject the whole production. Optimal retention and drainage programs are a prerequisite for improved runnability, productivity and board quality. Kemira sizing technologies are applied to control liquid resistance and to improve the printability of the board.

By converting the paper machine to packaging boards, Kotkamills secures its position as a globally significant manufacturer of forest industry products. Kotkamills' bleached CTMP (Chemi-thermomechanical Pulping), high-quality Nordic folding boxboard and recyclable barrier board products are suitable for various types of end-use applications, such as frozen, chilled and dry food, beverages, cup-stock and plates, confectionery, pharma, and cosmetics. The Flying Eagle contract will further strengthen the long-lasting and strong partnership that utilizes core strengths of both parties.

For more information, please contact

Kemira Oyj

Kimmo Strengell, Marketing Manager, Strength & Tissue Additives, Pulp & Paper EMEA

Tel. +358 50 351 6993

Ari Pirneskoski, Director, Sales, Pulp & Paper, EMEA North

Tel. +358 500 668 204

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

Kotkamills pulp and paper operations consist of the new board machine BM2 (PM2) and Absorbex paper machines PM1 and PM7, as well as corresponding pulp lines: CTMP (Chemi-thermomechanical Pulping) for board, RCF (recycled fibre) and sawdust kraft for PM1 and PM7. Laminating paper capacity of the two machines is 200,000 t/a. In addition, Kotkamills Oy has a 200 000 m3/a sawmill and two impregnation machines, which utilize ca. 25,000 t/a of laminating paper in vertical integration.
www.kotkamills.com

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kem zelIn 2014, Kemira announced a substantial capital investment in its Oulu plant to capture the growth potential in the tight bleaching chemical market. The new hydrogen peroxide production process was successfully started during the third quarter in 2015 and the new volume has been sold out.

Positive development in the fiber markets and the ongoing pulp mill capacity investments drive Kemira's investments in bleaching chemical capacity. Kemira has started a pre engineering study for additional capacity in the Nordics in order to invest in new production lines in Finland and debottleneck the existing units.

Kemira has several bleaching chemical production units in Europe; Äetsä, Joutseno and Oulu in Finland, Helsingborg in Sweden and Europoort in Netherlands.

For more information, please contact
Kemira
Antti Matula, Director, Marketing and Product Management
Pulp & Paper segment

Tel. +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 2014, Kemira's annual revenue was EUR 2.1 billion and we employed approximately 4,250 people. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com

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2014 08 20 073553 kemira logo 2014Kemira held  its 2015 Capital Markets Day (CMD) in its R&D center in Espoo, Finland. The company presents its current strategy and related financial targets.

The company's updated vision "The first choice in chemistry for water-intensive industries" communicates customer and innovation focus as well as sustainable, long-term shareholder value generation.

Company's mid-term financial targets remain unchanged, expecting revenue of EUR 2.7 billion in 2017, with an operative EBITDA margin of 15% and gearing level < 60%.

Kemira's mid-term targets are expected to be reached through organic and inorganic growth, as well as continuous efficiency and profitability improvements, including e.g.:

  • Commercialization of new innovations, especially for packaging board industry
  • Investments in long-term "chemical island" bleaching chemical contracts
  • Scaling up operations in the APAC region
  • Leveraging global polymer capacity by entering new application areas like Chemical Enhanced Oil Recovery (CEOR) and oil sands in Oil & Mining
  • Organic growth and efficiency improvements in Municipal & Industrial
  • Revenue and cost synergies from acquisitions.

Kemira has three core segments with well-defined strategic objectives. The company announces that the Paper segment has been renamed as Pulp & Paper segment. After the recent acquisition of AkzoNobel's paper chemicals business, Kemira is now the only bleaching, process and functional chemicals provider with a truly global reach, serving the pulp and paper industry. The company also updates the segment-specific strategic objectives as follows:

  • Pulp & Paper segment: Targeting above-the-market growth with improved profitability (old strategic objective: targeting profitable above-the-market growth). The target is to reach at least two times the market growth. This may include selective bolt-on acquisitions. Pulp & Paper's profitability is expected to be in-line with the Kemira Group target.
  • Oil & Mining segment: Targeting growth and expansion to new applications (old strategic objective: targeting profitable above-the-market growth). The segment is expected to return to organic growth in 2016, regardless of current oil price levels. Over-the-cycle growth target is to grow at double-digit rate. Over-the-cycle profitability is expected to be higher than the Group target.
  • Municipal & Industrial segment: Steady growth and cash flow generation (old strategic objective: focus on profitability improvement and on maximizing cash flow generation). Municipal & Industrial's growth is expected to be between 2-4% (CAGR) and profitability slightly below the Group target.

Kemira's President and CEO, Jari Rosendal, will give an overview of the company's strategy in his CMD presentation. Other Kemira speakers include Petri Castrén, CFO; Heidi Fagerholm, CTO; Mats Rönnbäck, Interim President, Pulp & Paper; Billy Ford, SVP, Pulp & Paper Americas; Antti Salminen, President, Municipal & Industrial  and Tarjei Johansen, President, Oil & Mining.

All Kemira CMD 2015 presentations are available at www.kemira.com at around 11.00 am (CET+1). The CMD can be followed via webcast at www.kemira.com/investors and in Twitter at #KemiraCMD.

For more information, please contact

Tero Huovinen, Senior Vice President, Communications & Corporate Responsibility

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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Kemira rgb negKemira has acquired certain assets of Soto Industries, LLC, a privately owned company, headquartered in Charlotte, North Carolina.

Soto specializes in the application of scale control products, defoamers, and settling agents for the pulp and paper industry. Kemira is a leading chemicals supplier serving the global pulp and paper industry.

"The Soto Industries, LLC acquisition is another example of Kemira's dedication to the pulp and paper industry as well as Kemira's commitment to execute our global growth strategy via continued investment into our Paper segment," says Billy Ford, Senior Vice President, Paper segment, Americas.

The transaction does not have material impact on Kemira's financial figures and the parties have agreed not to disclose the transaction price.

For more information, please contact
Kemira
Billy Ford, Senior Vice President, Paper segment

Americas
Tel. +1 770 436 1542

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Logo slogan belowTomas Biström (Master of Science, Economics) has been appointed Director, Corporate Responsibility at Kemira starting 1 September, 2015. He has previously been responsible for Kemira's Compensation and Benefit globally, including the successful implementation of Kemira's performance management process.

"Tomas takes up this position from Riikka Timonen, who has chosen to pursue a new career path within one of Kemira's business segments. Kemira aims to excel in internal leadership development and succession planning programs, so that individuals have the opportunity to grow and develop new skills inside Kemira. Riikka has played a significant role in improving our sustainability performance, monitoring and reporting. I am confident that going forward, Tomas will bring new valuable insights into this work, which is never finished," says Tero Huovinen, SVP, Communications and Corporate Responsibility.

"Sustainable value creation is an integral part of Kemira's strategy and business: we help our customers improve their water, energy and raw material efficiency. Our stakeholders expect high sustainability performance from us, both in our own operations as well as throughout the value chain. We continue to improve our business processes to meet these growing expectations, also focusing on sustainability aspects in our new product development," says Jari Rosendal, Kemira's President and CEO.

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's annual revenue was EUR 2.1 billion and we employed approximately 4,250 people. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com

For more information, please contact
Kemira Oyj
Tero Huovinen, SVP, Communications and Corporate Responsibility

Tel. +358 10 862 1980

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2015 07 31 082650Kim Poulsen, (Master of Science, Economics) has been appointed President of Kemira's Paper segment and APAC region and member of the Management Board. He will start in the position on November 1, 2015. He joins Kemira from UPM, one of the world's leading fibre-based businesses. Poulsen has held various management positions at UPM and other leading companies in the forest and paper industry. He has a vast international experience, primarily from Asia and Europe.

"Kim has an extensive experience in the global paper industry. In his current position as the head of Asian operations at UPM, Kim has gained valuable insight into the fastest growing paper market in the world. This is important, as APAC is one of Kemira's key growth regions in the paper chemicals business. Kim's energetic and people focused approach will be a great asset, driving forward our global leadership position in the pulp and paper chemicals market", says Jari Rosendal, Kemira's President and CEO.

For more information, please contact

Kemira Oyj

Jari Rosendal, President and CEO

+358 10 862 1801

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 2014, Kemira's revenue was EUR 2.1 billion and we employed approximately 4,250 people. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com
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Kemira's President and CEO Jari Rosendal:

kem zel
"We had a strong second quarter with 15% revenue growth and improved operative EBITDA margin of 12.6%. Favorable currency exchange rates continued to contribute to the revenue growth. The acquired AkzoNobel's paper chemicals business has been consolidated since May 2015. We have succeeded well with business continuity and integration has started according to plan. Earlier communicated synergies are expected to start showing towards the end of the year.

Organic growth in the Paper segment continued above-the-market at 4%. Growth was driven mainly by higher sales volumes across continental Europe and increasing pulp chemical deliveries to the new Montes del Plata pulp mill in Uruguay. I am glad to note that in the second quarter, Paper segment's profitability improved notably, despite the significant efforts put on the integration of a major acquisition.

In the Oil & Mining segment sales volumes have been impacted by the significant reduction of shale drilling and fracking activity in the US. However, despite the decline of sales volumes, absolute operative EBITDA contribution remained at the level of the comparable quarter. In EMEA, we started first polyacrylamide shipments for the chemically enhanced oil recovery.

The Municipal & Industrial segment's turnaround and revenue recovery continued and the segment delivered profitable growth in line with its strategic objective. Organic growth reached 3% driven by higher sales volumes in all regions and the operative EBITDA margin was more than 14%.

I am satisfied with Kemira's progress in the first half of the year. Our businesses delivered solid results, despite the current slowdown of activity in shale operations in US."

This is a summary of the January - June 2015 Interim report. The complete January - June 2015 Interim report with tables is attached to this release and available at www.kemira.com/investors

Second quarter:

  • Revenue increased 15% to EUR 594.8 million (518.2) supported by the acquisition of AkzoNobel's paper chemicals business, completed on May 4, and favorable currency exchange rates. Revenues in local currencies, excluding acquisitions and divestments remained largerly unchanged.
  • Operative EBITDA increased 24% to EUR 74.7 million (60.2) with an improved margin of 12.6% (11.6%).

January-June:

  • Revenue increased 10% to EUR 1,147.8 million (1,048.1).
  • Operative EBITDA increased 20% to EUR 141.1 million (117.7) with a margin of 12.3% (11.2%).
  • Operative earnings per share increased 10% to EUR 0.32 (0.29).
  • Kemira's outlook for 2015 is updated to include the acquisition of AkzoNobel's paper chemicals business. Kemira expects its revenue and operative EBITDA in 2015 to increase compared to 2014.  

KEMIRA'S FINANCIAL TARGETS 2017 AND UPDATED OUTLOOK for 2015

Kemira will continue to focus on improving its profitability and operative cash flow. The company will also continue to invest in order to secure future growth to serve selected water intensive industries.

The company's financial targets for 2017 are:

  • Revenue EUR 2.7 billion
  • Operative EBITDA-% of revenue 15%
  • Gearing level <60%.

Kemira expects its capital expenditure-to-sales ratio, excluding acquisitions to increase in the next few years from the 2014 level of 6.3%. In addition, Kemira expects its medium-term operative tax rate to be in the range of 22%-25%. This rate excludes non-recurring items.

The basis for growth is the expanding market for chemicals and Kemira's expertise that helps customers in water intensive industries to increase their water, energy and raw material efficiency. The need to increase operational efficiency in our customer industries creates opportunities for Kemira to develop new products and services for both current and new customers. Research and Development is a critical enabler of organic growth for Kemira, providing differentiation capabilities in its relevant markets. Kemira will invest in innovation, technical expertise, and competencies in its selected focus areas.

Outlook for 2015 (updated to include the acquisition completed in May, 2015)


Updated outlook for 2015: In 2015, Kemira will focus on profitable growth both organically and inorganically. Kemira's revenue and operative EBITDA in 2015 are expected to increase compared to 2014. The outlook includes the impact of AkzoNobel's paper chemicals business.

Previous outlook for 2015: In 2015, Kemira will focus on profitable growth both organically and inorganically. Kemira's revenue in 2015 is expected to increase compared to 2014 and operative EBITDA in 2015 to remain approximately at the same level or to increase compared to 2014. The outlook excludes the impact of AkzoNobel's paper chemical business (acquisition expected to close in the second quarter of 2015). At closing, AkzoNobel's paper chemical business is expected to add revenue of more than EUR 200 million on an annualized basis.

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