HELSINKI, April 23, 2013 (Press Release) -
Kemira is planning to consolidate its paper chemicals production into larger production units and to close its production facility in Vaasa, Finland. The objective is to optimize the capacity utilization rate and efficiency of Kemira's process chemicals production network. The annual cost savings for the planned site closure are expected to reach EUR 5 million and the related non-recurring restructuring charges are expected to be approximately EUR 15 million.
Kemira Chemicals Oy will initiate co-determination negotiations during April aiming at closing the production in Vaasa by the end of 2013. The planned measures may lead to the reduction of the entire Vaasa production staff, altogether 60 positions.