On April 7, Wanhua Chemical Group Co., Ltd. (hereinafter referred to as "Wanhua Chemical") received the approval from the State Administration for Li Fine Chemical Co., Ltd. (hereinafter referred to as "Yantai Juli") shares, and obtained Yantai Juli's controlling stake. This is another important measure taken by Wanhua Chemical to continuously optimize the industrial layout in the TDI field/northwest region, which has far-reaching significance for maintaining the long-term high-quality development of the industry.
At present, Wanhua Chemical has a 300,000-ton/year TDI plant in Yantai, a 250,000-ton/year TDI plant in Hungary, and a 250,000-ton/year TDI plant in Fujian will also be completed and put into operation in the near future. After this acquisition, Wanhua Chemical will form a domestic production and supply network covering North China, South China, and Northwest China, and cooperate with European facilities to ensure stable and localized supply of products worldwide, providing more sufficient supply for downstream customers Assure. At the same time, through continuous sales structure optimization and channel refinement management, market stability will be effectively maintained and the healthy development of downstream industries will be guaranteed.
Over the years, Wanhua Chemical has continuously optimized the quality and environmental protection level of TDI products. Through the development of high-efficiency reaction technology, optimization and adjustment of key parameters and precise control, it has achieved a TDI purity of 99.98%, reaching the first-class in the industry, and has been highly praised by downstream customers. This acquisition also brings new opportunities for the company's technological innovation. On this basis, the company will continue to promote the product development of low-carbon environmental protection materials, promote the production process towards the direction of green new technology and clean technology, and bring benefits to downstream industries. Come to more efficient and high-quality product solutions.
At the same time, this acquisition is also an important measure for Wanhua Chemical to actively implement the country's western development strategy and better promote the development of countries along the "Belt and Road". In the future, Wanhua Chemical will continue to cultivate TDI technology innovation and industrial upgrading, actively explore new models of green economy, and continue to lead the progress of downstream industries and the better development of human society.
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