Wanhua Group

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Wanhua Industrial Group
Headquarters Yantai, China
Key people Jiansheng Ding (CEO)
Website en.wanhuagroup.com

The Wanhua Industrial Group is a Chinese chemical company that is the second largest producer of isocyanate (MDI or methylene diphenyl diisocyanate).

The company has an annual MDI production capacity of 1.1m tonnes. In comparison the largest producer, Bayer, has a capacity of 1.245m tonnes/year.[1] Yantai Wanhua Polyurethanes is a subsidiary of the Wanhua Group and is listed on the Shanghai Stock Exchange on the blue chip SSE Composite Index.[1]

In one of the biggest Chinese outbound investment deals in Europe in 2011, Wanhua acquired Hungarian chemical maker BorsodChem for $1.6 billion.[2] The buyout of Wanhua from private equity firms Permira and Vienna Capital Partners came at a financially bleak time for BorsodChem and allowed the company to avoid laying off its 2700 employees.[3]

References

  1. ↑ 1.0 1.1 Gal, Janos (2/20/12). "To the Rescue". ICIS Chemical Business. 
  2. ↑ Richburg, Keith (3/1/2012). "China casts a wary eye on Europe". The Washington Post. 
  3. ↑ "Wanhua to the rescue of BorsodChem". Chemical Business NewsBase. 2/20/12. 

External links

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