Kemira has signed an agreement to establish a joint venture – Kemira Yongsan Chemicals Co., Ltd (“NewCo”) in Ulsan, Republic of Korea, with Yongsan Chemicals, a privately-owned chemicals company in South Korea.
NewCo will produce dry polyacrylamide (“DPAM”), cationic monomer Q9 (“AMD”) and other chemicals, which are used for retention and drainage in packaging and paper production, as well as in wastewater treatment and in sludge dewatering.
“The joint venture accelerates our strategy and strengthens our position as a leading global polymer producer. It supports Kemira’s future growth, especially in Asia pacific region by providing additional polymer capacity, securing our capacity utilization and supporting our customers better with our global delivery capability”, says Nichlas Kavander, SVP, Pulp & Paper, APAC.
Kemira’s will make a multi-million investment in the joint venture and will have 35% minority share of the established company.
