Kemira is to establish a joint venture – Kemira Yongsan Chemicals (NewCo) – in Ulsan, Republic of Korea, with Yongsan Chemicals, a South Korean privately-owned chemicals company.
The company said the move was an important step in expanding its presence in the Asia Pacific region.
NewCo will produce dry polyacrylamide (DPAM), cationic monomer Q9 (AMD) and other chemicals that are used for retention and drainage in packaging and paper production, as well as in wastewater treatment and in sludge dewatering.
Nichlas Kavander, senior vice president, pulp & paper, Asia-Pacific, said: “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 utilisation and supporting our customers better with our global delivery capability.”
Kemira will make a multi-million investment in the joint venture and will have 35% minority share of the established company.
