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Kemira to exit sites

8:13 AM MDT | October 29, 2012

Kemira will close or divest seven sites as part of the company’s previously announced Fit for Growth restructuring program. “It has been decided to close or sell 7 sites by the end of the first half of 2013, and an additional 7 sites are currently under review,” Kemira president and CEO Wolfgang Büchele says. Additional details were not disclosed. Kemira announced earlier that it would review 14 sites. Restructuring costs caused Kemira’s net profits to shrink to €1.1 million ($1.4 million) in the third quarter of 2012, from...

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