Wanhua Group
| File:Wanhua Industrial Group.svg | |
| Headquarters | Yantai, China |
|---|---|
|
Key people
|
Jiansheng Ding (CEO) |
|
Number of employees
|
over 15000 (including BorsodChem) |
| Website | en |
The Wanhua Industrial Group is a Chinese chemical company that is the world largest producer of isocyanate (MDI or methylene diphenyl diisocyanate) in terms of capacity.
The company has an annual MDI production capacity of 2.1m tonnes per year. In comparison, Covestro (ex Bayer MaterialScience) 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
External links
- Wanhua official website
- "To the Rescue" - ICIS article on Wanhua buyout of BorsodChem
