Kemira has signed an agreement for the establishment of a joint venture with Yongsan Chemicals, a private chemical company in South Korea. The new company is called Kemira Yongsan Chemicals Co. and has its headquarters in Ulsan in the Republic of Korea. The establishment of a joint venture in South Korea is an important step to expand the presence of Kemira in the Asia-Pacific area and promote profitable growth in the region. The new company will produce dry polyacrylamide (DPAM), cationic monomer Q9 (AMD) and other chemical products used for retention and drainage in packaging and paper production, as well as in waste water treatment and in sludge dewatering.
With the factory of the newly formed Kemira Yongsan Chemicals, Kemira will supply clients with higher quality DPAM supported by high quality AMD integrated upstream. This ensures a sustainable and cost-effective manufacturing capacity, able to efficiently meet clients’ requirements. It is also a significant addition to balance the increasing worldwide demand for Kemira dry polymers. «The joint venture will speed up our strategy and strengthen our position as world leader in the production of polymers», states Nichlas Kavander, Svp Pulp & Paper, APAC. «It supports the future growth of Kemira, particularly in the Asia-Pacific region, supplying further polymer capacity, ensuring the use of our capacity and better supporting our clients with our worldwide delivery capability». Kemira will carry out a multi-million investment in the joint venture and will have a minority share of 35% of the established company.