Sector News

Kemira forms joint venture in South Korea

January 14, 2019
Chemical Value Chain

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.

Forming a joint venture in South Korea is an important step in expanding Kemira’s presence in Asia Pacific and driving profitable growth in the region. 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.

With the NewCo’s production site, Kemira will provide customers premium quality DPAMs supported by backward integrated high-quality AMDs. This ensures a sustainable and cost-effective manufacturing capability, effectively fulfilling customer needs and requirements. It is also an important addition to balance the increasing demand for Kemira’s dry polymers globally.

“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.

Source: Kemira

Related News

May 16, 2021

Holistically sustainable alternative for plastics and bioplastics

Chemical Value Chain

The Hamburg-based, female-founded startup traceless materials has developed a holistically sustainable alternative for plastics and bioplastics that is fully compostable in nature, contributing to solve the global plastic pollution.

May 16, 2021

Stora Enso and Pulpex pioneer fiber-based bottle industrialization for competitive prices

Chemical Value Chain

Sohrab Kazemahvazi, senior vice president and head of Stora Enso’s formed fiber business, tells PackagingInsights the partnership aims to create competitive pricing and volumes for fiber-based bottles.

May 16, 2021

Alfa Laval partners with EasyMining to develop new waste-utilization processes

Chemical Value Chain

Alfa Laval’s expertise in mechanical and thermal separation will ensure waste minimization, zero liquid discharge and chemical reuse within EasyMining’s processes.

Send this to a friend