Kemira Sells Canadian Hydrogen Peroxide Plant to Evonik

Kemira and Evonik have signed a contract according to which Kemira sells its Canadian hydrogen peroxide unit in Maitland to Evonik. The closing of the transaction is planned to take place at the end of November, 2011.

Maitland, Canada – Kemira is focusing according to its strategy on serving the water intensive industries such as the pulp and paper industry. Exiting the North American hydrogen peroxide market is a further step in implementing the Paper strategy. "Hydrogen peroxide is in the core of Kemira's global business but we are adapting our offerings regionally. In hydrogen peroxide our strengths are in Europe and South America. Exiting Maitland frees resources to further develop our Paper business in North America in other applications, such as paper wet-end, pulp process and water quality and quantity management" states Petri Helsky, head of Paper segment.