Wanhua Announces Company Name-change

Yantai Wanhua Polyurethanes Co.,Ltd. changed the company name to Wanhua Chemical Group Co. Ltd. (hereafter referred to as Wanhua Chemical)  on June 3rd£¬2013 to reflect the expansion of its business scope.

Wanhua Chemical is a leading player in global polyurethane industry£¬owning the most modern and advanced MDI assets with over 1.2 mm t/A of capacity, and a technology and plants for wide variety of products including HDI, HMDI, Polyols and TPUs. Wanhua Chemcial recorded Sales revenue of USD 2.6billion and a net profit of USD 380 million in 2012.

Wanhua Chemcial is constructing a new integrated chemical complex in Yantai area which will further consolidate its position in the polyurethane industry by adding additional MDI/TDI/ADI capacity, and strengthening its polyols position by the addition of new capacity and back integrating into propylene oxide (PO). Moreover, the companywill significantly broaden its product portfolio to include petrochemicals that include propylene, acrylic acid and the associated esters.Performance coating materials and specialty chemicals will also be produced and marketed by Wanhua Chemical.

The name change is also congruent with the company's strategy of operating outside of China. Wanhua Chemcial has succesfully positioned itself as a global supplier through it's marketing and overseas offices. Further, it isseeking additional assets and operations outside of China

Wanhua Chemical's plan is to supply our customers with more value-addded products, and excellent service based on a deep understanding of the market, and leveraging our history of innovation.

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