TIKKURILA SOLD ITS INDUSTRIAL COATINGS COMPANY IN THE UK

Tikkurila, which is the company responsible for Kemira's paints and coatings business, will concentrate the development of its business operations in Northern and Eastern Europe. As part of this strategy, the company has sold Tikkurila Coatings Ltd at West Bromwich to a British company. Net sales of the operations totalled approx. EUR 20 million in 2004. The transaction will not have any significant impact on Kemira's performance in 2004. The parties have agreed on not disclosing any financials details.

Tikkurila is part of the international Kemira Group and a major paint manufacturer in Northern and Eastern Europe. The company has production facilities in seven countries, and its main business areas include decorative paints, industrial wood finishes, paints for the metal industry, protective coatings and coil coatings. The paints and coatings business had net sales of EUR 440 million and 2,300 staff in 2003.

For more information, please contact:
Ulf Koivula, President
Tikkurila Coatings Oy
GSM: +358 400 878 880

www.tikkurila.com, www.kemira.com

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