# Kemira and Yongsan Chemicals form joint venture in South Korea

Kemira signed an agreement to establish a joint venture with Yongsan Chemicals in Ulsan, South Korea, called Kemira Yongsan Chemicals Co. Kemira will hold a 35% minority stake and make a multi-million investment. The venture will produce dry polyacrylamide and cationic monomer Q9 for paper, packaging, and water treatment.

- Type: Acquisition
- Announced: 2019-02-21
- Where: Ulsan, South Korea
- Status: announced
- Products: dry polyacrylamide, cationic monomer Q9
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [paperindustryworld.com](https://www.paperindustryworld.com/kemira-yongsan-chemicals-go-ahead-for-a-joint-venture-in-south-korea/), 2019-02-21: "The joint venture will speed up our strategy and strengthen our position as world leader in the production of polymers."

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