Oil & Gas Market Recovery and Performance Update
Kemira's supplementary pension fund
Neliapila is well-funded
•
•
Kemira has a supplementary pension fund, Neliapila,
closed as of 1991
As of March 31, 2021, pension fund's investments
had a market value of around EUR -267 million
while pension liabilities totaled EUR ~185 million*
Neliapila returned excess funds of EUR 3 million in
February 2021 and EUR 15 million in 2019 to Kemira
Pension liability expected to decrease to around
EUR 110 million* in 2030 enabling the return of
excess capital to Kemira in the coming years
(subject to regulatory approval)
.
REAL ESTATE PROJECT IN ESPOO, FINLAND
Kemira's main R&D center has been located in Espoo
for 48 years; 5.5 hectare plot owned by pension fund
Neliapila
Area to be developed together into a residential area
and a state-of-art Green Chemistry Park. Consortium
investments into Green Chemistry Park EUR 70-80
million.
*preliminary/estimate based on FAS figures
Kemira APRIL 27, 2021
INVESTOR PRESENTATION
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