Kemira Quits Russian Paints JV

Tikkurila, the paints and coatings subsidiary of Kemira, says it has agreed to sell its 50% stake in the Sto-Tikkurila (Moscow) joint venture to its partner, Sto (Stühlingen, Germany). Financial terms were not disclosed. Sto-Tikkurila was established in 2006 to produce and market coating systems for building...

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