Kemira Oyj, Press Release, May 6, 2022 at 1.30 pm (EEST)
Kemira to exit Russian market
Kemira exits Russian market and closes local operations. Kemira announced a decision to discontinue deliveries to Russia and Belarus on March 1, 2022 due to the Russian military attack in Ukraine and has now proceeded with exit preparations. The full completion of the process will take some time due to the local process and legal requirements. Kemira has 45 employees in Russia. In 2021, Russia represented around 3% of Kemira’s total revenue with a main focus on Pulp & Paper sector.
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Terhi Kivinen, Chief Communications Officer
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Mikko Pohjala, Vice President, Investor Relations
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Kemira is a global leader in sustainable chemical solutions for water intensive industries. We provide best suited products and expertise to improve our customers’ product quality, process and resource efficiency. Our focus is on pulp & paper, water treatment and energy industry. In 2021, Kemira had annual revenue of around EUR 2.7 billion and around 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.