Kemira Oyj - Company Announcement

Kemira Oyj sells ChemSolutions' formic acid business to Taminco Corporation

Kemira Oyj
Stock Exchange Release
December 23, 2013 at 9.00 am (CET+1)

Kemira signed an agreement today to sell its formic acid business, including the
feed and the airport runway deicing product lines, to Taminco (Allentown,
Pennsylvania, USA). The businesses sold had combined revenue of approximately
EUR 140 million in 2012. The transaction includes a manufacturing asset for
formic acid in Oulu, Finland and approximately 160 employees will transfer to
Taminco. The transaction is subject to the fulfillment of customary closing
conditions, and the closing is expected during the first quarter in 2014.

The agreed transaction price is EUR 140 million and will be paid fully at
closing. Kemira expects to report a capital gain related to the transaction in
the first quarter of 2014.

Sodium percarbonate, the remaining business within the ChemSolutions segment,
will stay within Kemira and will be reported as part of the Paper segment. After
the transaction has closed, the ChemSolutions segment will be discontinued.

- ChemSolutions is a well performing and solid business - however, with no
synergies to Kemira's water related core businesses. After the divestment of the
formic acid business, Kemira will become a purely water-focused chemical company
based on three segments: Paper, Oil & Mining, and Municipal & Industrial. After
the successful execution of several non-core divestments in 2013, Kemira's
management resources and financing capabilities will be fully focused on growth
and profitability improvement in the core businesses, said Wolfgang Büchele,
Kemira's President and CEO.

- As a leading specialty chemical producer, Taminco is excited to advance its
long term, ongoing strategy of expansion into key markets through the addition
of high quality, niche businesses.  Our entry into the formic acid space is an
opportunity to leverage our existing skill-set to expand into attractive new
product lines, as well as achieve numerous synergies that will continue to
optimize value for all of our stakeholders, said Laurent Lenoir, Taminco's Chief
Executive Officer.  We are pleased to welcome a great team of ChemSolutions
employees to Taminco, and look forward to grow together Taminco's global
leadership position in specialty chemicals.


For more information, please contact


Kemira Oyj
Hannu Virolainen, President, ChemSolutions segment
Tel.  +358 10 862 1684

Matti Lapinleimu, VP, Mergers & Acquisitions
Tel. +358 10 862 1786

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



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

Taminco is the world's largest integrated producer of alkylamines and alkylamine
derivatives. Taminco's products are used by customers in the manufacture of a
diverse array of everyday products for the agriculture, water treatment,
personal & home care, animal nutrition and oil & gas end-markets. Taminco's
products provide these goods with a variety of ancillary characteristics
required for optimal performance. Taminco currently employ about 850 people and
operate in 19 countries with seven production facilities in the US, Europe and
Asia.


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Attachments:

Link to the release.pdf