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The European Commission has set a fine of EUR 10.15 million on Finnish Chemicals Oy for antitrust activity in the company's sodium chlorate business during 1994-2000. Kemira Oyj acquired Finnish Chemicals in 2005.
Kemira told about a Statement of Objections in the matter on August 2, 2007.
The company will look into the Commission's decision and then decide on any further action. The fine set by the Commission will not affect Kemira's result or cash flow.
For further information please contact
Kemira Oyj Timo Leppä, Executive Vice President, Group Communications Tel. +358 (0)10 862 1700, GSM +358 (0)50 301 6800
www.kemira.com
Kemira is seeking to be a group of global and leading chemical businesses with unique positions in selected customer segments. Kemira's four business areas: Kemira Pulp&Paper, Kemira Water, Kemira Specialty and Kemira Coatings provide customers with complete solutions, expertise and premium quality products. Kemira serves the pulp and paper industry, water treatment, paint business and chemical industry.
In 2007, Kemira recorded revenue of approximately EUR 2.8 billion and had a staff of 10,000. Kemira operates in 40 countries.
