KEMIRA

Finnish chemicals group Kemira on Friday reported a drop in third-quarter profit and revenue, citing continued weak demand in the pulp and paper markets.

Finnish chemicals company Kemira appointed Tuomas Mäkipeska as its new Chief Financial Officer, the company said on Thursday.

Kemira on Friday reported a drop in second-quarter profit and revenue, confirming the market weakness it flagged in a profit warning last week that followed a stock sale by a key executive.

A senior executive at Finnish chemicals company Kemira sold shares worth over 192,000 euros about one month before the company cut its full-year profit forecast, citing weakness in the executive's division.