# Kemira forms joint venture with Yongsan Chemicals in South Korea

Kemira has signed an agreement to establish a joint venture, Kemira Yongsan Chemicals, in Ulsan, South Korea, with Yongsan Chemicals. Kemira will hold a 35% minority stake and make a multi-million investment. The JV will produce dry polyacrylamide and cationic monomer.

- Type: Partnership
- Announced: 2019-01-14
- Where: Ulsan, South Korea
- Status: announced
- Products: dry polyacrylamide, cationic monomer
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Kemira Oyj](https://endata.com/companies/16014.md)
- [Valmet](https://endata.com/companies/244.md) (partner)
- [Kemira Oyj](https://endata.com/companies/16014.md) (investor)
- [Kemira Oyj](https://endata.com/companies/16014.md) (partner)
- [Yongsan Chemicals](https://endata.com/companies/36676.md) (partner)

## Sources

- [kemira.com](https://www.kemira.com/news-and-stories/newsroom/releases/kemira-forms-a-joint-venture-in-south-korea/), 2019-01-14: "The joint venture accelerates our strategy and strengthens our position as a leading global polymer producer."
- [lesprom.com](https://www.lesprom.com/en/news/Kemira_forms_a_joint_venture_in_South_Korea_86960/), 2019-01-15: "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."
- [poandpo.com](https://www.poandpo.com/companies/finland-1612019450/), 2019-01-16: "Kemira has signed an agreement to establish a joint venture, Kemira Yongsan Chemicals Co., Republic of Korea, with Yongsan Chemicals."
- [valmet.com](https://www.valmet.com/news/press-releases/2019/valmet-and-kemira-collaborate-to-bring-significant-improvements-to-wastewater-treatment-processes/), 2019-01-21: "The partnership combines Valmet's comprehensive analyzer and measurement technology, process optimization know-how and on-site service network with Kemira's strong chemistry and process optimization expertise."
- [papermart.in](https://papermart.in/valmet-and-kemira-collaborate-to-bring-improvements-to-wastewater-treatment-processes/), 2019-04-01: "Valmet and Kemira have signed a partnership agreement in developing wastewater and sludge treatment customer applications for municipal and industrial plants in Europe."

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