Nip Impressions logo
Thu, Mar 28, 2024 14:16
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side

Kemira forms a joint venture in South Korea

SOUTH KOREA (News release) -- 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.

****

Onlypulpandpaperjobs.com has taken off like a rocket! Over twenty jobs are posted, in many interesting categories. These jobs are in at least ten different US states. [02.01.19]

****

Employers are on board with Onlypulpandpaperjobs.com. There are twenty plus employers located in ten different US states and two other countries. [02.01.19]



 


 Related Articles:


 


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: