Wanhua announces company name change

Wanhua Chemicals is a leading player in the global PU industry. The company owns MDI assets with over 1.2 million t/y of capacity as well as technology and plants that provide a wide variety of products including HDI, HMDI, polyols, and TPUs. The company recorded sales revenues of USD 2.6 billion and a net profit of USD 380 million in the year 2012.

Wanhua Chemicals is currently constructing a new integrated chemical complex in the Yantai area, which will add more MDI/TDI/ADI capacity and strengthen its polyols position by adding new capacity and back-integrating into propylene oxide (PO). Moreover, the company will broaden its product portfolio to include petrochemicals such as propylene, acrylic acid, and the associated esters. Wanhua Chemicals will also produce and market performance coating materials and speciality chemicals.

According to the company, the name change is also consistent with its strategy of operating outside of China. Wanhua Chemicals has positioned itself as a global supplier through its marketing and overseas offices. Furthermore, the company is seeking additional assets and operations outside of China.