In addition, we closed the acquisition of 3F, which will significantly strengthen our position in the polymer market. The profitability contribution of 3F in Q4 was lower than expected, due to a temporary shutdown in one of the production sites and higher costs mainly related to integration. The acquisition is expected to result insubstantial synergies through raw material, logistics and fixed cost savings. The revenue of Municipal & Industrial was partly impacted by the implementation of several strategic initiatives, including a new business model in EMEA and several divestments, which are all expected to improve the segment's profitability.
Kemira Oyj summary of the Financial Statements Bulletin of 2013.Fourth quarter: Major steps in strategic redesign accomplished. Organic growth#
The divestment of ChemSolutions' formic acid business is expected to close during the first quarter of 2014. In the fourth quarter, the organic revenue of ChemSolutions was impacted by the weak de-icing season.
Kemira Oyj summary of the Financial Statements Bulletin of 2013.Fourth quarter: Major steps in strategic redesign accomplished. Organic growth#
Divestments, combined with the Fit for Growth measures have significantly reduced complexity and strengthened our balance sheet in 2013. These measures were required to be able to compete effectively in our core businesses, as well as to support our long-term profitability. Once the divestments are completed, Kemira has been transformed into a pure play company focusing on water quality and quantity management."
Kemira Oyj summary of the Financial Statements Bulletin of 2013.Fourth quarter: Major steps in strategic redesign accomplished. Organic growth#
Kemira Oyj
marketing@alchempro.com
