Kemira increases polymer product prices by 4-8% in Europe, effective immediately

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Kemira increases polymer product prices by 4-8% in Europe, effective immediately

March 31, 2017 - 03:22

HELSINKI, March 31, 2017 (Press Release) -Kemira, a global chemicals company serving customers in water intensive industries, announces price increase for its polymer product line across all European countries.

The price increase is necessary due to overall significant cost increase and global tight supply of many key raw materials across our entire polymer product line:

  • Increases in price of major raw materials for polymer manufacturing
  • Several building block chemicals on shortage due to force majeure of chemical plants, low stock situations, and unplanned maintenance / outages
  • Increased cost of sea freight due to supply reduction and reduction of available shipping routes
  • Fluctuating currencies and exchange rates, as well as changes in trade conditions

The adjustment will be effective immediately or as customer contracts allow. The increase will be an average of 4-8 %.

Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2016, Kemira had annual revenue of around EUR 2.4 billion and 4,800 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.