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Environment
Kemira Pushes into Russia
November 28, 2005
| A version of this story appeared in
Volume 83, Issue 48
Kemira's Tikkurila coatings unit has agreed to acquire the Russian paint company Kraski Teks, which had sales of $70 million in 2004. Kemira says the purchase will make Tikkurila Russia's top paint company, with just under 20% of the market. “This acquisition will double our market share in decorative paints and make Tikkurila the clear market leader,” with four paint plants and a network of retail outlets in 100 towns and cities, says Visa Pekkarinen, president of Kemira's paints and coatings business.
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