Shandong Tiancheng Wanfeng Chemical Technology

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.

Kemira has formed NewCo, a joint venture in which it holds 80 percent, with Shandong Tiancheng Wanfeng Chemical Technology in Yanzhou, China, valued at EUR 55 million. NewCo will produce AKD wax and polyaluminum chloride, with production starting in the second half of 2019.

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.