Wanhua Chemical

Wanhua Chemical Group Co., Ltd. engages in the research and development, production, and sale of polyurethane series products, petrochemical products, fine chemicals and new materials worldwide. 

The company offers polyols, thermoplastic elastomers, petrochemicals, aliphatic isocyanate products, specialty amine products; aroma, nutrition, and performance chemicals; and diisocyantes and its derivatives, polyether polyols for flexible and rigid foam, and PU systems, as well as ethylene oxide derivatives. Further, it offers surface materials and new energy materials, thermoplastic polyurethane elastomers, polymethyl methacrylate(PMMA), mebrane material, PMMA resin and compounds, modified polypropylene, polycarbonates, silicone polycarbonates, long chain polyamide, and bio-degradable materials. 

Its products are used in various applications, including appliances/cold chain, elastomers, electronics, clothing/footwear, industrial mechanical, furniture/bedding, building/construction, sealants, automotive and transportation, coatings, sports/leisure, adhesives, home and personal care, and others. 

The company was formerly known as Yantai Wanhua Polyurethanes Co., Ltd. and changed its name to Wanhua Chemical Group Co., Ltd. in June 2013. Wanhua Chemical Group Co., Ltd. was founded in 1978 and is headquartered in Yantai, China.

The listed company was incorporated in 1998 as Yantai Wanhua Polyurethane Co., Ltd. . Co-founder of the company, Wanhua Group Corporation, initially owned 93.25% of shares. The company started its initial public offering in December 2000. The shares started to trade on the Shanghai Stock Exchange in January 2001.

Initially, the listed company only owned the methylene diphenyl diisocyanate production line of the former Yantai synthetic leather factory. It was a common practice at that time to list part of the assets instead of the whole conglomerate. The size of the listed company expanded beyond that assets, however.

That MDI production line was replaced by a new one in 2014, also located in Yantai. The company also imported technology from Honeywell for its Yantai plant in 2018. A year earlier the shares of the listed company became a constituent of the blue-chip index SSE 50. In February 2019, the listed company acquired Hungarian company BorsodChem and other assets, via a reverse merger with the largest shareholder of the listed company in an all-share deal that worth RMB52 billion. In July 2019, the listed company acquired Swedish company Chematur Technologies for a reported US$134 million from Jilin-based Kangnaier Investment Group and another investor. In the same month, the listed company formed a shipping joint venture with Abu Dhabi National Oil Company.

“To provide customers with values. To create opportunities for employees to create wealth for shareholders. To build a wonderful world for humanity”

“To become an innovative, world-class chemical company, admired by our employees and respected by the community.”