The agreement between Kemira and the shareholders of Chongqing Lanjie Tap Water Materials Co., Ltd has been confirmed. Kemira has acquired 80% of the shares in the Chinese company. The new name of the company will be Kemira Water Solutions (Chongqing) Co., Ltd.
Chongqing Lanjie Tap Water Materials Co., Ltd is a producer of inorganic coagulants and organic polymers for water treatment in the municipality of Chongqing, located in central China. Its main client base is in the local potable water production. The company’s current revenue, in the range of EUR two million annually, is expected to grow rapidly in the years to come.
Besides the growing market in the potable water area the company will be targeting industrial waste water and municipal sewage treatment sectors as well. Kemira has a strong commitment to strengthen its water treatment chemicals operation all over in Asia and this acquisition is one logical step in implementing its strategy.
The city of Chongqing ranks among the biggest in the world and it has been nominated as one autonomous region within People’s Republic of China, having a population of 30 million. This location is optimal to further strengthen Kemira’s nationwide water treatment chemicals business in China. So far Kemira has had one larger manufacturing company for similar products, Kemira (Yixing) Co., Ltd in Jiangsu Province of Eastern China.
Kemira Water is the world’s leading supplier of inorganic coagulants and ranks third in water treatment polymers. It offers customized water treatment and sludge treatment solutions to municipal and private water treatment plants and industry. In 2006, Kemira Water business area had revenue of EUR 468 million and a payroll of approximately 2 000 employees. It is present in 30 countries.
For further information, please contact
Kemira Water
Juha Kuikka, Vice President Sales Area Asia Pacific
Tel. +86-13701673618
Marie Lundgren, BA Kemira Water communications
Tel. +46 4217 1119, Mobile +46 737 191119