Finnish Kemira Oyj has signed a contract with the shareholders of Chongqing Lanjie Tap Water Materials Co.,Ltd to acquire 80% of its shares in China. The new name of the company will be Kemira Water Solutions (Chongqing) Co.,Ltd. The company 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 two million Euro annually, is expected to grow rapidly in the years to come.
Besides 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 is the world's leading supplier of inorganic precipitation chemicals. The company offers water treatment and sludge treatment solutions to municipal and private water treatment plants and to industry. The revenue of Kemira’s water treatment chemicals business area is approximately EUR 670 million and the number of staff to just short of 2,000. Kemira has water treatment chemicals business in over 30 countries.
For further information, please contact:
Kemira Oyj
Kemwater Business Area
Gunnar Smith, Vice President Kemwater Overseas, +46-737191665
Juha Kuikka, Managing Director Kemira (Yixing) Co.,Ltd, +86-13701673618