kem zelOn March 6, 2014, Kemira closed the divestment of formic acid business, including the feed and the airport runway de-icing product lines, which had formed the major part of ChemSolutions segment.

After the closure, the remaining sodium percarbonate business in ChemSolutions segment was transferred to Paper segment and ChemSolutions segment was discontinued as of the beginning of Q2 2014.

The figures for Q1 2013-Q1 2014 have been restated according to the new structure and are attached to this release.

Main change:

Kemira's sodium percarbonate business, previously a part of ChemSolutions segment, has been transferred to Paper segment.

Figures for Q1 2013 - Q1 2014 on Kemira Group level, Oil & Mining and Municipal & Industrial segments have not been changed.

The January-June 2014 Interim report will be published on July 22, 2014

Additional Info

  • About

    Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise 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

    Restated segment information
    Restated segment information

  • Contacts

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

Published in financial News

kem zelKemira announced its decision to issue a bond of EUR 200 million on March 20, 2014. The bond matures on March 27, 2019 and carries a fixed annual interest of 2.500 percent.

The Finnish Financial Supervisory Authority has today approved the listing prospectus of the bond. The prospectus is available in English on the company's website at http://www.kemira.com/investors.

NASDAQ OMX Helsinki Ltd. is expected to admit the bond to public trading as of
May 30, 2014.

Nordea Markets and Pohjola Markets acted as lead managers for the transaction. White & Case acted as the legal adviser for the transaction.

Additional Info

  • About

    Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise 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

  • Contacts

    For more information, please contact
    Kemira Oyj
    Petri Castrén, CFO
    +358 40 532 7639

    Tuomas Kivimäki, VP, Treasury
    +358 10 862 1778

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

Published in financial News

kem zelKemira has been selected as a supplier of sodium chlorate to Klabin's new 1.5 million ton pulp mill in Paraná, Brazil. Sodium chlorate is used as a component in the bleaching process, an important process step in the manufacturing of bleached pulp.

Kemira will build, own and operate a sodium chlorate plant, which is expected to increase Kemira's annual capital expenditure by some 15%-25% in 2014-2015 compared to 2013 capital expenditure of EUR 135 million, depending on the exact timing of the project build-out. Kemira's sodium chlorate plant is scheduled to begin production during the first half of 2016. The plant will employ around 30 people.

"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. This project strengthens our capabilities to serve the growing demand for pulping chemicals in the South American market", says Billy Ford, Senior Vice President, Paper, The Americas.

Klabin was founded in 1899 and operates 16 mills (15 in Brazil and one in Argentina), targeting markets such as packaging paper and board, corrugated packaging, and industrial bags producers. The new pulp mill in Brazil is the largest investment in Klabin's history and will double the company's production capacities.

Additional Info

  • About

    Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise 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

  • Contacts

    For more information, please contact

    Kemira Oyj
    Billy Ford, SVP, Paper, Americas
    +1 404 661 9336

    Tero Huovinen, VP, Investor Relations

    +358 10 862 1980

Published in South American News

kem zelKemira Oyj has on May 5, 2014 closed the acquisition of BASF's global AKD emulsion business announced on February 27, 2014. AKD is an alkyl ketene dimer based sizing agent, which impacts paper and board hydrophobicity or water resistance. The acquisition strengthens Kemira's position in offering sizing products for the paper industry especially on the continental European market.
 
The parties have agreed not to disclose financial details of the agreement.

Additional Info

  • About

    Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise 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

  • Contacts

    Kenneth Nystén
    SVP, RBU Paper EMEA
    Tel: +49 151 5440 7955
    kenneth.nysten@kemira.com

Published in European News

Kemira logoAs transformation drives the market in Europe, Kemira continues to commit to the paper industry. The company strives to support growth in the stagnant market of Europe, by focusing especially on packaging & board and tissue.

“Kemira sees Continental Europe as a key growth area in EMEA”, says Kenneth Nysten, SVP, Paper, EMEA. “We continue to provide and develop a leading portfolio of innovative, tailor-made technologies to fulfill the specific needs of our customers and ensure their success in the transformation of the paper industry. To support this, we are launching a campaign for the growth grades of packaging & board and tissue.”

In the core of the campaign are Kemira’s key technologies:

  •          FennoClean D for targeted microbiological control with diagnostic technology
  •          FennoClean PFA for effective and corrosion safe microbe control with no biocide residuals in the final paper
  •          KemFlite for efficient control of hydrophobic substances by combining novel analysis and monitoring tools with the broad deposit control product portfolio
  •          FennoBond for improved strength characteristics in board and tissue production enabling lower quality raw materials and lower basis weight
  •          KemForm Plus for improved formation, dewatering and enhanced ash-loading, and
  •          Fennobind for superior binding strength and reduced binder demand with no negative impact on print quality.

The ways these key technologies and well-engineered chemical phenomena benefit board and tissue makers are illustrated in web-based Board and Tissue Experiences. “Board Experience reveals an in-depth example of what Kemira has to offer through its understanding of pulp and paper industry”, says Antti Matula, Head of Marketing & Product Lines, Paper, EMEA. “It illustrates Kemira’s end-to-end expertise – how the influence of Kemira expertise and chemistry starts from the molecular and fiber level, and improves our customers’ process runnability and end-product quality, all the way to global industry understanding.”

Board Experience is available in www.kemira.com/boardexperience. Tissue Experience will be published in April.

Additional Info

  • About

    Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise 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.

    www.kemira.com

  • Contacts

    For more information, please contact:

    Kemira Oyj

    Kenneth Nysten, SVP, Paper, EMEA

    +49 151 5440 7955

    Kemira Oyj

    Antti Matula, Head of Marketing & Product Lines, Paper, EMEA

    +49 171 196 1641

Published in European News

kem zelKemira will implement a price increase of up to 20 % for selected paper colorants in Europe, Middle-East and Africa. The adjustment will be immediately implemented or as the existing contracts allow. The price adjustment is a result of increases in all major cost drivers including raw materials, energy and transportation.

Kemira has continuously rationalized operations and reduced fixed costs, but has now reached a point when a price increase for selected colorants is necessary to secure our position as a strong paper chemicals supplier.

Additional Info

  • About
    Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment.
    www.kemira.com
  • Contacts
    For more information:
    Harri Eronen
    VP, Sales & Technical Service, Paper EMEA
    Tel. +491 7180 28790
    harri.eronen@kemira.com
Published in financial News
Thursday, 27 February 2014 09:09

Kemira acquires BASF AKD emulsion business

kem zelBASF and Kemira has announced that Kemira will acquire BASF's global alkyl ketene dimer (AKD) emulsion business. The transaction is expected to close in the first half of 2014.

"Kemira is a global leader in paper and pulp chemistry and the leading supplier of sizing products for the paper industry. This acquisition of the AKD emulsion business is one part in implementing our strategy and will further strengthen our possibilities to serve our Paper customers especially on the continental European market", said Kenneth Nystén, Senior Vice President, Regional Business Unit Paper EMEA.

basf logoWith this transaction BASF, the leading supplier of paper chemistry, will further optimize its paper chemicals portfolio in order to focus on customer-oriented products and solutions to improve the efficiency of paper machines and lower the total cost of operation. "In line with our recent announcement we have evaluated all strategic options for the AKD emulsion business and found an excellent partner in Kemira who will ensure a smooth transition and uninterrupted supply of customers", said Andreas Tuerk, Senior Vice President, Paper Chemicals Europe.

The parties have agreed not to disclose financial details of the agreement.

Additional Info

  • About

    BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.

    Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise 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

  • Contacts

    BASF

    Thomas Nonnast
    Corporate Media Relations
    Tel.: +49 30 206 2950-34
    thomas.nonnast@basf.com

    Andrea Hoerdt
    Global Communications Paper Chemicals
    Tel.: +41 61 63-60644
    andrea.hoerdt@basf.com

    Kemira Oyj

    Leena Lie
    SVP, Communications and Corporate Responsibility
    Tel: + 350 40 745 7943
    Leena.lie@kemira.com

    Kenneth Nystén
    SVP, RBU Paper EMEA
    Tel: +49 15154407955
    kenneth.nysten@kemira.com

Published in European News

kem zelKemira will invest in an expansion of facilities and a new reactor capable for multipurpose chemicals production at its Telêmaco Borba plant in the state of Paraná in the Southern Region of Brazil.

"With this two-year, multimillion euro  investment we want to support paper and board production in Brazil by rolling out new technologies. These state of the art technologies  for surface sizing, strength properties  and surface treatment  have been newly launched in Europe and in USA. Kemira will now be launching these in South America", says Hilton Casas, Kemira's head of South America's region.

"This investment supports Kemira's strategy to further strengthen its position as a key supplier of the pulp and paper chemicals in South America."

Kemira is one of the global leaders in the pulp and paper chemicals. The revenue of the Paper segment of Kemira amounts to approximately EUR 1,0 billion.

Additional Info

  • About

    Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise 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

  • Contacts

    For more information, please contact

    Hilton Casas, Region Head Kemira South America
    Tel. +55 11 2189-4904
    e-mail: Hilton.Casas@kemira.com

Published in South American News

This is a summary of the Financial Statements Bulletin of 2013. The complete Financial Statements Bulletin 2013 with tables is attached to this release and available at www.kemira.com/investors.

Fourth quarter: Major steps in strategic redesign accomplished. Organic growth and profitability improvement continues in the Paper segment

  • ŸOrganic revenue growth was 1% in local currencies. Reported revenue decreased 2% to EUR 545.2 million (558.5), due to unfavorable currency exchange rates.
  • Operative EBIT was EUR 34.5 million (34.1) with a margin of 6.3% (6.1%).
  • Divestment of coagulant business in Brazil closed and divestment of formic acid business as well as Danish distribution business signed.
  • The reported earnings per share were reduced to EUR -0.33 (-0.27) largely due to non-recurring items of EUR 76.5 million (61.1).

Full year: Sales volume growth and improved profitability, EUR 0.53 dividend proposed

  • Organic revenue growth was 3% in local currencies. Reported revenue was EUR 2,229 million (2,241).
  • ŸOperative EBIT increased  6% to EUR 164.2 million (155.5) with a margin of 7.4% (6.9%).
  • ŸEarnings per share, excluding non-recurring items decreased to EUR 0.70 (0.77) mainly due to the lower income from the associated companies.
  • ŸReported earnings per share were reduced to EUR -0.21 (0.12) mainly due to a write-down of EUR 23 million related to the divestment of the shares of Kemira's JV Sachtleben, lower income from associated companies and higher taxes.
  • ŸThe Board of Directors proposes a cash dividend of EUR 0.53 per share (0.53) to the Annual General Meeting 2014, totaling EUR 81 million (81), equivalent to 76% (69%) of the operative net profit.
  • ŸIn 2014, Kemira expects the revenue in local currencies, excluding acquisitions and divestments to be slightly higher than in 2013 and the operative EBIT to be higher than in 2013.

Kemira's President and CEO Wolfgang Büchele:

"Kemira's organic revenue and operative EBIT increased slightly in the fourth quarter.  Of the two growth focused segments, Paper with more than 10% organic revenue growth was able to improve its operative EBIT by more than 20%. By showing only modest 3% of organic growth at a disappointing profitability, Oil & Mining has not met our expectations. Thus, we have taken steps to bring Oil & Mining business back to its strategic path. In addition, we closed the acquisition of 3F, which will significantly strengthen our position in the polymer market. The profitability contribution of 3F in Q4 was lower than expected, due to a temporary shutdown in one of the production sites and higher costs mainly related to integration. The acquisition is expected to result in substantial synergies through raw material, logistics and fixed cost savings.

The revenue of Municipal & Industrial was partly impacted by the implementation of several strategic initiatives, including a new business model in EMEA and several divestments, which are all expected to improve the segment's profitability. The divestment of ChemSolutions' formic acid business is expected to close during the first quarter of 2014. In the fourth quarter, the organic revenue of ChemSolutions was impacted by the weak de-icing season.

Divestments, combined with the Fit for Growth measures have significantly reduced complexity and strengthened our balance sheet in 2013. These measures were required to be able to compete effectively in our core businesses, as well as to support our long-term profitability. Once the divestments are completed, Kemira has been transformed into a pure play company focusing on water quality and quantity management."

2014-02-10 091700

Definitions of key figures are available at www.kemira.com > Investors >
Financial information. Comparative 2012 figures are provided in parentheses for some financial results, where appropriate. Operating profit, excluding
non-recurring items, is referred to as Operative EBIT. Operating profit is referred to as EBIT.

Dividend

On December 31, 2013, Kemira Oyj's distributable funds totaled EUR 681,978,945 net profit, which accounted for EUR 141,177,720 for the period. No material changes have taken place in the company's financial position after the balance sheet date.

Kemira Oyj's Board of Directors proposes to the Annual General Meeting to be held on March 24, 2014 that a dividend of EUR 0.53 totaling EUR 81 million shall be paid on the basis of the adopted balance sheet for the financial year ended December 31, 2013.

KEMIRA'S FINANCIAL TARGETS, RESTRUCTURING PROGRAM "FIT FOR GROWTH" AND OUTLOOK 2014

Kemira will continue to focus on improving its profitability and reinforcing the positive cash flow. The company will also continue to invest in order to secure future growth in the water quality and quantity management business.

Kemira's financial targets have been revised in connection with its strategy update on April 23, 2013. The company's financial targets for 2016 are:

  • Ÿ  revenue EUR 2.6-2.7 billion
  • Ÿ  EBITDA-% of revenue 15%
  • Ÿ  gearing level < 60%.

In addition, Kemira expects its medium-term operative tax rate to be in the range of 22%-24%. The operative tax rate excludes non-recurring items and the impact of the income from associated companies.

The basis for growth is the expanding market for chemicals related to water quality and quantity management and Kemira's strong expertise in this field. 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 organic growth enabler for Kemira and it provides differentiation capabilities in the water quality and quantity management markets. Kemira will invest in innovation, technical expertise, and competencies in the targeted focus areas.

Restructuring program "Fit for Growth"

Kemira Oyj has continued to implement its global restructuring program "Fit for Growth", launched at the end of July 2012 in order to improve the company's profitability, its internal efficiency and to accelerate the growth in emerging markets without sacrificing business opportunities in the mature markets. In 2012, the cost savings impact of "Fit for Growth" was EUR 10 million. In 2013, "Fit for Growth"-related cost savings were EUR 46 million nearly reaching the full cost savings run rate of EUR 60 million on an annualized basis at the end of 2013. "Fit for Growth" related savings will not be reported separately anymore in the coming Kemira interim reports.

Outlook

In 2014, Kemira expects its revenue in local currencies and excluding acquisitions and divestments to be slightly higher than in 2013 and its operative EBIT to be higher than in 2013.

The guidance for 2014 is defined as follows.

2014-02-10 091731

Press and analyst conference and conference call

Kemira will arrange a press conference for analysts and the media starting at 3.30 pm (1.30 pm UK time) at Kemira House, Porkkalankatu 3, Helsinki. In the conference, Kemira's President and CEO Wolfgang Büchele and the CFO Petri Castrén will present the results. The press conference will be held in English and will be webcasted at www.kemira.com/investors. Webcast will be available at www.kemira.com/investors also after the event. Presentation material will be available on Kemira's website at www.kemira.com/investors under Investors in English and at www.kemira.com/fi/sijoittajat in Finnish at about 3.00 pm.

Conference call in connection to the press and analyst conference

You can also listen to the conference live over the phone and attend the Q&A session via a conference call. In order to participate in the call, please dial ten minutes before the conference begins:
 

FI:    +358 9 81710467
SE:   +46 851 999352
UK:   +44 203 3645372

US:   +1 855 7532234

No PIN code requested.

Additional Info

  • About

    Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise 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 2012, Kemira had annual revenue of EUR 2.2 billion and around 4,900 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd. www.kemira.com

  • Contacts

    For more information, please contact

    Kemira Oyj

    Tero Huovinen, VP, Investor Relations

    +358 10 862 1980

Published in financial News

Kemira Oyj has lowered its operative EBIT guidance for the fourth quarter of 2013. Kemira's operative EBIT (excluding non-recurring items) was previously expected to be between EUR 42-50 million in the fourth quarter of 2013.

Kemira's updated guidance now indicates that operative EBIT is expected to be between EUR 34-35 million in the fourth quarter of 2013.

Main reasons for the lowered operative EBIT guidance for the fourth quarter of 2013 are as follows.

- Lower-than-expected contribution from 3F. Kemira closed the acquisition and started consolidation of 3F on October 1, 2013.

- Higher-than-expected fixed and inventory related costs, especially in the South America region.

- Increased pension fund related accruals and other pension costs in the EMEA region, mainly due to the ongoing relocation of certain business units.

Revenue guidance for 2013 remains as previously communicated. Kemira expects revenue in local currencies, excluding divestments to be slightly higher than in 2012. The revenue guidance for 2013 is defined as follows.

thumb 2014-01-21 082542

Kemira will publish its Financial Statements Bulletin 2013 on February 7, 2014 at approximately 2.30 pm (CET+1).

Additional Info

  • About

    Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise 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 2012, Kemira had annual revenue of EUR 2.2 billion and around 4,900 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
    www.kemira.com

  • Contacts

    For more information, please contact

    Kemira Oyj
    Wolfgang Büchele, President and CEO
    Tel. +358 10 862 1810

    Petri Castrén, CFO
    Tel. +358 40 532 7639

    Tero Huovinen, VP, Investor Relations

    Tel. +358 10 862 1980

Published in financial News
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