Kemira: Tikkurila to establish a trading company in Romania jointly with Slovenian-based JUB

(Press Release)

 

Following its strategy of growth, Tikkurila, which is responsible for Kemira’s paints and coatings business, will strengthen its position in the Southeasteuropean paint market. The company has agreed to establish a trading company by the name of Tikkurila JUB Romania with the paint company JUB of Slovenia based on equal partnership. The parties have agreed on not disclosing any financials details.

 

The new company will be responsible for the marketing, sales and distributing of Tikkurila’s and JUB’s decorative paints in Romania. With its office and warehouse in Bucharest, Tikkurila JUB Romania is due to start its operations as from July 1, 2008.

 

The Romanian paint market is expected to grow at double digit figures during the next few years. Especially demand in the medium and premium price segments will increase. The estimated size of the Romanian paints market is currently EUR 170-180 million on an annual basis.

 

Kemira Coatings is the leading regional expert in painting and coating solutions in Northern and Eastern Europe, offering services and branded products to consumers, professionals and industry.

 

JUB is a leading supplier of paints in Southeast Europe. The product range consists of decorative paints and plasters for interior and exterior usage and thermal insulation systems. In 2007, the company had net sales of EUR 73 million and a payroll of approx. 400 employees.

 

 

For more information, please contact:

Tikkurila Oy (Kemira Coatings)
Markku Immonen, President, Deco International
Mobile phone +358 40 501 0426

 

JUB

Stefan Hoyer, President, JUB-H d.d.

Phone +386 1 58 84 102

Tikkurila Oy (Kemira Coatings)
Arja Schadewitz, Communications Manager
Phone +358 9 8577 2475

www.tikkurila.com, www.kemira.com, www.jub.eu

 

 

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