Given a piece of financial news and its polarity, classify it into 'true' if the polarity is correct and classify into 'false' if the polarity is incorrect. Output must be 'true' or 'false'.

news:SINGAPORE ( ICIS ) -- ( 1 ) Kemira and Indian water infrastructure firm ( 2 ) IVRCL have agreed to form a join venture which includes a new inorganic coagulant manufacturing facility in Andhra Pradesh state , India , the Finnish water treatment chemicals maker said on Tuesday .
polarity:positive
true