# Kemira forms joint venture with Tiancheng for AKD wax production in China

Kemira signed an agreement to form a joint venture (Kemira TC Wanfeng Chemicals Yanzhou) with Shandong Tiancheng Wanfeng Chemical Technology. Kemira will hold 80% for EUR 55 million. The JV will produce AKD wax and its raw material fatty acid chloride, and plans to produce polyaluminum chloride. The deal is expected to close in H1 2018.

- Type: Acquisition
- Announced: 2017-09-29
- Where: Yanzhou, China, China
- Value: $65.0M (55.0M EUR)
- Status: announced
- Capacity: almost doubles Kemira's AKD wax capacity
- Products: AKD wax, fatty acid chloride, polyaluminum chloride
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Kemira Oyj](https://endata.com/companies/16014.md) (acquirer)
- [Shandong Tiancheng Wanfeng Chemical Technology](https://endata.com/companies/27244.md) (target)

## Sources

- [kemira.com](https://www.kemira.com/news-and-stories/newsroom/releases/kemira-forms-joint-venture-with-fatty-acid-chloride-producer-in-china/), 2017-09-29: "Kemira has signed an agreement to form a joint venture – Kemira TC Wanfeng Chemicals Yanzhou (“NewCo”) – with Shandong Tiancheng Wanfeng Chemical Technology (“Tiancheng”)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.