August 22, 2023
(press release)
–
Kemira Oyj, Trade Media Release, August 22, 2023 at 8.00 am (EDT) / 3.00pm (EEST) Kemira, a global leader in sustainable chemical solutions for water intensive industries, and Jain Chem, a leader in manufacturing customized chemical solutions, announce their ongoing partnership to develop and market aqueous barrier coatings for recyclable paper and board products in the Americas region. The partnership focuses on barrier solutions that create moisture, oil, and grease resistance primarily for food service packaging. These solutions help replace commonly used polyethylene (PE) and harmful per- and polyfluoroalkyl substances (PFAS) in paper and board end-use applications, such as cup stock, wrapping paper, and folding carton packages that are microwavable, oven-safe, and suitable for frozen food. Jain Chem barrier technology is based on recycled raw materials and enables recyclable and repulpable end-products. By partnering, the companies leverage Kemira’s substantial expertise in the pulp and paper industry and Jain Chem’s broad portfolio of chemical-based solutions to develop next generation barrier coatings for evolving customer needs. The market for aqueous barrier coatings is expected to grow quickly in the Americas, as brand owners and consumers increasingly demand more sustainable packaging applications. Working together with Jain Chem, Kemira expands its barrier offering in the region and builds capabilities to meet the need to improve the recycling properties of existing paper and board packaging and to develop new fiber-based products as alternatives to single-use plastics. “By further developing this partnership, we can supply our existing customers, the paper and board manufacturers, as well as the converters in the packaging value chain with a variety of innovative barrier solutions. Together we can provide the technical resources and product technology that allow our customers to develop and launch new products for their customers, while supporting their sustainability targets,” says Jim Rettinger, SVP, Commercial for Kemira Pulp & Paper Americas (interim). “Jain Chem is pleased to partner with Kemira to achieve our mutually held objectives to improve value for our customers and their customers, while making a dramatic, positive impact on the circularity and sustainability of packaging. By combining the use of our respective technical and commercial capabilities, these improvements can be driven at an accelerated rate to all the stakeholders in the packaging value chain”, says Manoj Jain, CEO, Jain Chem, Ltd. For more information, please contact: Kemira Chemicals, Inc. Pascal Morin Jain Chem, Ltd. For media relations: Kemira is a global leader in sustainable chemical solutions for water-intensive industries. We provide the best-suited products and services to improve our customers’ product quality, process, and resource efficiency. Our focus is on pulp & paper, water treatment, and energy sectors. In 2022, Kemira had annual revenue of around 3.6 billion and around 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd. www.kemira.com Founded in 1977, Jain Chem, Ltd. is a minority-owned company that specializes in designing customized and unique chemical-based solutions for customers across a number of downstream businesses, including paper, packaging and textiles, worldwide. Jain Chem’s product innovation strategy is focused on environmentally friendly, green, and sustainable products. www.jainchem.com Current status of managers’ shareholdings in Kemira shares: This and fact block below are inside a fragment
Jim Rettinger
Senior Vice President, Commercial, Pulp&Paper, Americas (interim)
Tel. +513-252-5635
jim.rettinger@kemira.com
Sr. Manager, Applications & Marketing, Surface Additives, Americas
Tel: +819-692-7589
pascal.morin@kemira.com
Gil Sherman, Global Sales Manager, Jain Chem, Ltd.
Tel: +1 864 323 6993
gil.sherman@jainchem.com
Kemira Oyj
Terhi Kivinen, Chief Communications Officer
Tel: +358408484001
terhi.kivinen@kemira.comBoard of Directors
Manager
Position
Security
Ownership
Kähkönen Matti
Chair of the Board
Share
18,511
Paasikivi Annika
Vice Chair of the Board
Share
4,421
Sejersgård Fanø Tina
Member of the Board
Share
3,010
Fuhrmann Werner
Member of the Board
Share
5,890
Lappalainen Timo
Member of the Board
Share
16,929
Lopes Larsen Fernanda
Member of the Board
Share
1,330
Pullola Kristian
Member of the Board
Share
4,281
Staffas Mikael
Member of the Board
Share
1,330
Management Board
Manager
Position
Security
Ownership
Castrén Petri
Interim President & CEO
Share
56,140
Hildebrandt Linus
Member of the Management Board
Share
0
Pixton Matthew
Member of the Management Board
Share
33,032
Pohjolainen-Hiltunen Tuija
Member of the Management Board
Share
24,179
Puputti Esa-Matti
Member of the Management Board
Share
44,831
Salminen Antti
Member of the Management Board
Share
71,666
Salonen Eeva
Member of the Management Board
Share
71,420
Hakkila Jukka
Other person discharging managerial responsibilities
Share
102,687
Transaction history in the last 12 months
Date
Manager
Ownership
Security
Transaction
Change +/-
19/05/2023
Lopes Larsen Fernanda
Own
Share
Remuneration
+1,330
09/05/2023
Sejersgård Fanø Tina
Own
Share
Remuneration
+1,330
09/05/2023
Fuhrmann Werner
Own
Share
Remuneration
+1,330
09/05/2023
Kähkönen Matti
Own
Share
Remuneration
+3,019
09/05/2023
Lappalainen Timo
Own
Share
Remuneration
+1,714
09/05/2023
Paasikivi Annika
Own
Share
Remuneration
+1,714
09/05/2023
Pullola Kristian
Own
Share
Remuneration
+1,330
09/05/2023
Staffas Mikael
Own
Share
Remuneration
+1,330
02/03/2023
Castrén Petri
Own
Share
Remuneration
+9,900
02/03/2023
Hakkila Jukka
Own
Share
Remuneration
+7,700
02/03/2023
Pixton Matthew
Own
Share
Remuneration
+7,700
02/03/2023
Puputti Esa-Matti
Own
Share
Remuneration
+7,700
02/03/2023
Salminen Antti
Own
Share
Remuneration
+13,750
02/03/2023
Salonen Eeva
Own
Share
Remuneration
+7,700
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