Kemira Increases Prices of Polymer Products in Europe

WASHINGTON, Mar 31, 2017 /PRNewswire/ --

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 %.

For more information:

Olli Turunen
Vice President, Investor Relations Kemira Oyj
Tel. +358-10-862-1255
E-mail: Olli.Turunen (a) kemira.com

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