Oil & Gas Market Recovery and Performance Update
New AKD wax investment in China fully
operational
Construction started in 2017, manufacturing facility fully
operational with positive EBITDA contribution in 2020
Produces mainly AKD wax and its key raw material fatty acid
chloride (FACL)
AKD is sizing chemical used in board and paper to
create resistance against liquid absorption
Plans to produce coagulants for water treatment
• Kemira strengthens its position and secures supply of
key raw material for AKD wax
ACQUIRED ASSET FULFILLS OUR KEY CRITERIA FOR ACQUISITIONS:
GROWTH - End-products in growing markets
SUPPLY - Backward integr. & self-sufficiency (FACL)
LOCATION - Close to our existing production
APAC - Enables profitable growth in APAC
SUSTAINABILITY - FACL from renewable material
PROFITABILITY - Accretive after ramp-up
JOINT-VENTURE
Tiancheng with Kemira
holding 80% investment
of around EUR 70
million
Kemira
APRIL 27, 2021
INVESTOR PRESENTATION
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