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Kemira forms wax JV

6:04 AM MST | December 6, 2013

Kemira and Wilmar International (Singapore) say they have signed a joint venture agreement to manufacture alkylketene dimer (AKD) wax in China. The jv entities in China will be owned 50-50 and will integrate the existing facilities of Kemira at Yanzhou and the relevant Wilmar facilities at Lianyungang. Kemira says it is a major player in AKD wax, a sizing agent that is supplied mainly to the paper industry. Wilmar says it is a leading producer of stearic acid, the key raw material for AKD production. Closing is expected in the third quarter of...

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