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

Kemira formed a joint venture with Shandong Tiancheng Wanfeng Chemical Technology to produce AKD wax and polyaluminum chloride in Yanzhou, China. Kemira holds 80% for EUR 55 million, with production starting in second half of 2019.

- Type: Partnership
- Announced: 2018-12-04
- Where: Yanzhou, China, China
- Value: $62.0M (55.0M EUR)
- Status: announced
- Capacity: largest AKD wax manufacturing unit globally
- 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) (partner)
- [Shandong Tiancheng Wanfeng Chemical Technology](https://endata.com/companies/27244.md) (partner)

## Sources

- [pulpapernews.com](https://www.pulpapernews.com/20190803/9992/kemira-has-formed-joint-venture-china), 2018-12-04: "The joint venture is a good strategic fit. We strengthen our position in the market with a quality asset and secure our supply of the key raw material for AKD wax."

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