by the US Huntsman Corporation. In July of the same year, Kemira announced the acquisition of AkzoNobel's paper chemicals business, whose products were used, for example, to coat and strengthen paper and packaging board. Kemira sold parts of its ChemSolutions segment, which provided chemicals like formic acid to the food, feed, pharmaceutical and chemical industries to Taminco. In March 2016, Kemira announced the construction of a new sodium chlorate production line and cell hall at its Joutseno plant. The value of the investment was around EUR 50-60 million. In 2017 Kemira merged its three segments Pulp & Paper, Municipal & Industrial and Oil & Mining into two segments Pulp & Paper and Industry & Water. Organization Kemira's headquartered is in Salmisaari, Helsinki and it has research centers in Espoo, Shanghai and Atlanta. Since 2017 Kemira have had two main segments, Pulp & Paper and Industry & Water Management Kemira's President and CEO is Jari Rosendal (since May 2014). Members of the Board of Directors as of May 5, 2020 were Chair Jari Paasikivi (Chairman), Kerttu Tuomas (Vice Chairman), and Wolfgang Büchele, Shirley Cunningham, Werner Fuhrmann, Kaisa Hietala and Timo Lappalainen. Owners Kemira’s main shareholder is Oras Invest Oy and its owners, members of the Paasikivi family. Its former main owner, the State of Finland, sold the largest part of its holding to Finnish investors in August 2007. In June 2020 the biggest owners were Oras Invest Oy (20.1%), Solidium Oy (10.2%) and Varma Mutual Pension Insurance Company (3.4%). Markets Kemira is one of the largest companies in the water chemistry industry. In 2010, its competitors were Nalco, Ashland and GE Water in the United States and competitors in China, usually manufacturing the same chemical. In 2019, its largest competitors were Ecolab, Nouryon, SNF, Solenis and Solvay. Kemira has a wide range of water chemicals and it is involved in the production of drinking water, the purification and reuse of industrial process water. Its customers operate in water-intensive industries like the pulp and paper industry, municipal and industrial water treatment, and the oil and gas industry. Acknowledgments In 2015, Kemira was selected for the Nordic Investor Index, which assesses the risks and opportunities related to climate change. The Carbon Disclosure Leadership Index was maintained by the Carbon Disclosure Project, or CDP, of 882 investors, which helps investors assess the risks and opportunities of companies related to climate change. Kemira received 99