—Interview with Liao Zengtai, President of Wanhua Chemical Group Co., Ltd.
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On September 1, on the banks of the Pudong River in Shanghai, the lights were shining brightly and the stars were shining. Representatives of many outstanding enterprises in China’s polyurethane industry gathered in Shanghai to participate in the “Sixth First Membership Ceremony of China Polyurethane Industry Association and the 20th Anniversary Celebration of China Polyurethane Industry Association”. During the meeting, the reporter had the honor to exclusively interview Mr. Liao Zengtai, the newly elected senior vice chairman of the Sixth Council of China Polyurethane Industry Association and the president of Wanhua Chemical Group Co., Ltd.
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For the newly elected senior vice chairman of the Sixth Council of China Polyurethane Industry Association, Mr. Liao said that it is an honor and a responsibility. At the same time, he said that he was able to participate in the 1st member meeting of the 6th China Polyurethane Industry Association and presided over the technical exchange meeting in the afternoon. It is a great honor to contribute to the development of China’s polyurethane industry and Chinese national enterprises. in the polyurethane industry. Mr. Liao even took Wanhua as an example. Wanhua’s roots are deeply rooted in China, and Wanhua’s development cannot be separated from the local market. As a communication bridge between the government and enterprises, the China Polyurethane Industry Association has a heavy responsibility to seek new driving forces for the sustainable development of the industry. And the road is far away.
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Mr. Liao put forward his own unique views on the future development strategy layout of Wanhua Chemical. Mr. Liao pointed out that Wanhua’s strategic layout has not yet been completed and is still being implemented as planned. With China and Europe as manufacturing bases, it is Wanhua’s constant development goal to insist on making isocyanate products stronger, and to continue to make the original advantageous industries and superior products bigger and stronger. For the global market, after Wanhua acquired Bosu in Europe, Chinese national enterprises have made a breakthrough and developed in the global MDI market, which is beneficial to the whole country and the industry, and Wanhua will unswervingly implement the globalization strategy in the future.
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As for other products in the polyurethane field, Mr. Liao said that Wanhua is still planning and deploying, such as polyether products. Although they are at a disadvantage compared with their peers, there is still room for development in the future. For aliphatic isocyanate products, there were only three monomer manufacturers in the world, but Wanhua became the fourth in the world. As a new entrant, Wanhua will have a very good development opportunity. Wanhua has been strengthening product research and development and industrialization of new products, including IPDI products, modified products, rigid foam polyether, TPU and other sets of new production capacity and PO and acrylate integration project will be completed and put into production. This is also good news for the domestic market and domestic downstream applications. Regarding the current fierce competition in bulk chemicals, Mr. Liao emphasized that Wanhua’s advantage lies in technology research and development and product innovation. The future direction is to make chemical raw material products as the basis, rely on technological innovation, and balance the layout of global R&D centers, with Yantai as the main battlefield , Gradually penetrate into high value-added products, and develop downstream derivative industrial chains, such as the research and development of acrylic products, C3C4 and other products, and put them into the global market.
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When the reporter mentioned that the current domestic production capacity of polyurethane products is growing too fast, and the market is obviously oversupplied, and Wanhua has any countermeasures and solutions, Mr. Liao analyzed objectively: In view of the current macroeconomic environment, investors There is no better choice of investment projects, and many investment targets are focused on the fast-growing polyurethane industry in China. Therefore, overcapacity in the polyurethane industry is an inevitable trend in the near future. After analyzing the existing MDI market, Wanhua believed that the market showed three stages: before the financial crisis, the supply exceeded demand and the market demand was high; after the financial crisis and the first half of 2014, the supply and demand remained basically balanced, but in the first half of 2014 Bayer MDI The expansion of the project in Shanghai, the expansion of the TDI project of Dongnan Electrochemical Co., Ltd., the balance between the supply and demand of the two main raw materials of polyurethane has been broken; the third stage, from now to In 2017, the global MDI production capacity will reach more than 8.3 million tons, and the production capacity is obviously oversupplied. Judging from the polyurethane market situation in 2014, it is more consistent with the slowdown of China’s economic development. In the first quarter, the demand for MDI showed no growth, and the growth slowed down significantly. TDI is also in the same situation. Therefore, it is expected that by 2020, the industry that everyone has been optimistic about in the past few years will lead to overcapacity with continuous technological innovation and continuous expansion of production. Mr. Liao predicted that, as far as the polyurethane industry is concerned, although the slowdown in the growth rate of the entire industry is inevitable, under the guidance of the industry, China’s vigorous urbanization policy in the future, and China’s population base of 1.4 billion, despite the short-term There is a surplus phenomenon, but I firmly believe that there is still a lot of room for development and prospects in the future.
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The financial report of Wanhua Chemical in the first half of this year showed a good performance. Talking about the growth point of downstream applications in the polyurethane industry from the perspective of Wanhua, Mr. Liao said that compared with some downstream industries that are developing slowly, the application of building insulation materials is still the most worthy of attention. , in addition to this, other new fields are not obvious at present, perhaps in the futureThere are new domain points that have not been paid attention to by us. Future Market Outlook In general, the growth of China’s downstream sector will slow down significantly. As for the entire polyurethane industry, the MDI and TDI devices that will be put into production in the Middle East in 2020 will use low-cost raw materials and energy advantages , will have a certain impact on the industrial structure of polyurethane. Therefore, in this industry, you must keep a calm mind, not blindly optimistic, and it is very important to maintain a sense of crisis.
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Before the interview ended, the reporter hoped that Mr. Liao could share some successful experience of Wanhua Chemical with you, but Mr. Liao said modestly: “As a national enterprise, we are very lucky to be able to stand on the world stage, but Wanhua is far from When we are proud, Wanhua’s current annual sales are 3.3 billion US dollars, and the overall scale is still small, so we must continue to work hard to become one of the top 100 chemical companies in the world.”
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“In the future, we will continue to invest a lot of money in technology research and development. Only by persisting in the road of innovation can we lead the continuous development of the industry. This is also the only way for our sustainable development.” Mr. Liao emphasized. (Zheng Yiwen, special correspondent of Tiantian Chemical Industry Network)
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