Yantai Wanhua is not a state-owned enterprise or a central enterprise, but a Sino-foreign joint-stock company. The full name of Yantai Wanhua is Wanhua Chemical Group Co., Ltd. Wanhua Chemical Group Co., Ltd. is a chemical new materials company with global operations. Relying on continuously innovative core technologies, industrialized equipment and efficient operating models, Wanhua Chemical Group Co., Ltd. provides customers with Provide more competitive products and solutions.
Wanhua Chemical always adheres to technological innovation as its first core competitiveness and continues to optimize its industrial structure. Its business covers polyurethane, petrochemicals, and fine chemicals industry clusters. The industries served mainly include: living furnishings, sports and leisure, automobile transportation, construction industry, electronic and electrical, personal care and green energy, etc.
Company development history
In 1978, China introduced a 3 million square meter/year synthetic leather production line, and at the same time introduced an isocyanate (MDI) device with an annual output of 10,000 tons.
In 1983, Wanhua Chemical’s MDI production line with an annual output of 10,000 tons was successfully put into operation.
In 1998, Yantai Wanhua Polyurethane Co., Ltd. was restructured and established.
In 2001, Wanhua Chemical was listed on the Shanghai Stock Exchange, stock code: 600309.
In 2003, the construction of a 160,000-ton/year MDI project began in Ningbo Daxie.
In 2004, Wanhua became the first company in the domestic chemical industry to introduce the DuPont safety management system from the United States, and strictly proposed the HSE goal of "zero harm, zero accidents, zero emissions, and building a garden-style factory".
In 2005, Ningbo's 160,000 tons/year MDI plant was successfully put into operation at one time. During the same period, Wanhua established branches and offices in the Middle East, Russia, Japan, the United States, and Europe to implement global layout.
In 2010, Wanhua Ningbo Industrial Park Phase II 300,000 tons/year MDI device and supporting engineering project was successfully commissioned.
In 2011, Wanhua acquired Hungary’s Boside Chemicals, taking a milestone step in the internationalization process.
In 2011, Wanhua Yantai Industrial Park started construction.
In 2013, Yantai Wanhua Polyurethane Co., Ltd. changed its name to Wanhua Chemical Group Co., Ltd.
In 2014, the 600,000 tons/year isocyanate integration project relocated from the old factory in Wanhua Yantai Industrial Park was successfully put into production at one time and produced qualified MDI products.
In 2015, the PO/AE integrated project was put into full production and qualified products were produced. Coatings and special chemical equipment were put into production one after another. The first phase of Wanhua Yantai Industrial Park was completed. Wanhua built polyurethane, Three major industrial platforms: petrochemicals and fine chemicals.
Honors received by the company
Selected as a national enterprise technology center in 1997; won the second prize of the National Science and Technology Progress Award in 1999, 2009 and 2010; won the first prize of the National Science and Technology Progress Award in 2007 In 2008, it was selected into the first batch of national innovative enterprises; in 2008, it was approved to establish the National Polyurethane Engineering Technology Research Center; in 2008, it won the National High-tech Industrialization Ten-Year Achievement Award.
In 2011, it was selected into the first batch of national technological innovation demonstration enterprises; in 2012, it was selected into the top 100 national innovative enterprises (ranked 3rd); in 2012, it won the second prize of the National Technological Invention Award; in 2016, it was selected into the national manufacturing industry. Champion Demonstration Enterprise (the first batch of 60); Selected as one of the top 100 national innovative enterprises in 2016 (the first batch of 9); In 2016, it was approved to establish the National Engineering Laboratory for Polymer Surface Material Preparation Technology; In 2019, it was awarded the Petrochemical Federation Special Prize for Scientific and Technological Progress.
On September 16, 2020, it passed the 2020 review and evaluation as a national technological innovation demonstration enterprise. In March 2020, it was commended by the Shandong Provincial Committee of the Communist Party of China and the Shandong Provincial People's Government for the "Brave Innovation Award" for advanced collectives. In 2020, it won the "13th Five-Year Plan" China Petroleum and Chemical Industry Innovation Model; in 2020, it won the 28th Hungarian Industrial Innovation Award; in 2020, Boside Chemical won the Hungarian "Best Large Manufacturing Enterprise in 2019" award.