Kemira to evaluate strategic options for Oil & Gas business, including potential sale of the business; company discussed increasing interest in water-related business at its Capital Markets Day 2022

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March 29, 2023 (press release) –


Kemira Oyj, INSIDE INFORMATION, 29.3 2023 AT 4:00 PM (EEST)

Inside information: Kemira announces a strategic review of its Oil & Gas business

In line with its strategic focus, Kemira’s Board of Directors has decided to initiate an evaluation of strategic options for Kemira’s Oil & Gas business, including a potential sale of the business.

“In our Capital Markets Day 2022, we expressed our interest to grow in water-related applications. In recent years we have invested in the growth of our Oil & Gas business, and we have seen strong revenue growth in the business since 2021. Now is a good time to evaluate the optimal portfolio composition for Kemira in the long term and the strategic alternatives for the Oil & Gas business,” saysKemira’s President and CEO, Jari Rosendal.

Kemira’s Oil & Gas business focuses on shale oil & gas, oil sands tailings treatment, and cEOR (Chemical Enhanced Oil Recovery). In 2022, the revenue of the Oil & Gas business was EUR 377 million, representing approximately 11 % of Kemira’s total revenue and 25% of the Industry & Water segment’s revenue.

Kemira will provide updates on the progress of the strategic review in due course.

For more information, please contact:

Kemira Oyj
Terhi Kivinen, Chief Communications Officer
Tel. +35840 8484001

Mikko Pohjala, Vice President, Investor Relations

Tel.+358 40838 0709


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 EUR 3.6 billion and around 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.



Current status of Kemira managers’ holdings in Kemira shares:

Board of Directors

Manager Position Security Ownership
Kähkönen Matti Chair of the Board Share 15,492
Paasikivi Annika Vice Chair of the Board Share 2,707
Fuhrmann Werner Member of the Board Share 4,560
Lappalainen Timo Member of the Board Share 15,215
Pullola Kristian Member of the Board Share 2,951
Sejersgård Fanø Tina Member of the Board Share 1,680

Management Board

Manager Position Security Ownership
Rosendal Jari Chief Executive Officer (CEO) Share 191,069
Castrén Petri Member of the Management Board Share 56,140
Pixton Matthew Member of the Management Board Share 33,032
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
Waelput Wido Member of the Management Board Share 11,576
Hakkila Jukka ​Other person discharging managerial responsibilities Share 102,687

Transaction history
Last 12 months

Date Manager Ownership Security Transaction Change +/-
10/05/2022 Fuhrmann Werner Own Share Remuneration +1,680
10/05/2022 Kähkönen Matti Own Share Remuneration +3,696
10/05/2022 Lappalainen Timo Own Share Remuneration +2,184
10/05/2022 Paasikivi Annika Own Share Remuneration +2,184
10/05/2022 Pullola Kristian Own Share Remuneration +1,680
10/05/2022 Sejersgård Fanø Tina Own Share Remuneration +1,680
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 Rosendal Jari Own Share Remuneration +22,000
02/03/2023 Salminen Antti Own Share Remuneration +13,750
02/03/2023 Salonen Eeva Own Share Remuneration +7,700

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