Kemira Annual Report 2005

60 million. For Kemira, the Uruguayproject is the first strong referenceshowing that customers value possibilityto obtain, from a single supplier,all of the bleaching chemicals theyneed for pulp production.Tikkurila sells its coil coatingbusiness to TeknosTikkurila, part of the Kemira Group,signed an agreement on sale of itscoil coating business to TeknosGroup.Kemira wins RadTech Europeinnovation awardTikkurila received the RadTech Europeinnovation award for the UVITECmethod it has developed. The methodreplaces existing solvent-bornecoating methods that are used in thefurniture industry.NOVEMBERDecision made to start paperchemicals production in ChinaKemira decided to start production ofpaper chemicals in China. Productionwill get started in the city of Yixing atthe existing Kemira water chemicalsplant during the first half of 2006.During the next years, Kemira willseek to increase its sales of paperand water treatment chemicals inChina several fold.agreement will be in effect for tenyears.Kemira establishes REACHCompetence Center at itsresearch center in EspooAt the research center in Espoo, Finland,Kemira set up a REACH CompetenceCenter as part of its preparationsfor the entry into force of theEuropean Union’s new chemical legislation(REACH). The REACH CompetenceCenter will have a centralizedresponsibility for the risk assessment,registration and permit applicationsconcerning the substances which Kemiramanufactures or imports in theEU area, and the center will developinformation systems for managingKemira’s product safety.Kemira becomes the world’sleading supplier of pulp andpaper chemicalsKemira signed an agreement to purchasethe Lanxess paper business forEUR 88 million. The deal will raise Kemirato the position of the world’sleading supplier of pulp and paperchemicals. The deal is contingent onapproval by the competition authoritiesand fulfillment of the otherterms and conditions related to thetransaction.JANUARY 2006FEBRUARY 2006Kemira acquires Kraski Tekspaint company in Russia andbecomes Russia’s leadingpaint companyKemira made in November 2005 anagreement to purchase the KraskiTeks paint company in Russia. Afterthe transaction was completed inFebruary Kemira-owned Tikkurila becameRussia’s leading paint company.The debt-free purchase price is40 million US dollars.MARCH 2006Mats Jungar appointedPresident of BA Kemwater andmember of Kemira’smanagement boardMats Jungar, M.Sc. (Econ.), took uphis duties as head of Kemira’s Kemwaterbusiness area and member ofthe Operational Management Board.For all of Kemira’s pressreleases, see:www.kemira.comDECEMBERPori water utility to useKemira’s Kemicond methodThe waterworks of the City of Pori,Porin Vesi in Finland, chose the newKemira-developed Kemicond methodfor treatment of the sludge arising inwaste water purification. Sludgetreatment will begin in 2007 and theTimo-Pekka Räty appointedKemira’s Executive VicePresident, InformationTechnology, and member ofKemira’s management boardsTimo-Pekka Räty, M.Sc. (Econ.), tookup his duties as Executive Vice President,Information Technology, andmember of the management boards.45