Wanhua Chemistry . . . 90 billion investment in Sichuan Fujian. Seize the strategic highlands of chemical industry in south-west China.

 Meishan, Sichuan Province. Investment of 40 billion
construction of high-performance resin and water-based coatings project
Recently, Meishan City 2020 provincial key projects list and Meishan City 2020 city key projects list announced, including
million Hua Chemical annual output of 250,000 tons of high-performance modified resin project (phase 1)
, The project, with a total investment of 1.36 billion yuan and an area of 580 mu, started construction on March 27 last year, with an annual output of 100,000 tons of modified polypropylene resin plant, an annual output of 100,000 tons of water-based resin plant, an annual output of 50,000 tons of modified PC devices and utility facilities and auxiliary facilities, etc., and the project is expected to be completed and put into operation this year.
materials produced by the project can be widely used in the automotive and home appliance fields, is an important alternative to metal materials. After the completion of the project, will be conducive to Meishan City to build automotive interior and exterior decoration and protective materials and home appliances, electrical appliances, office electrical shell materials, as well as various types of coatings in the southwest production base, estimated annual sales revenue of about 3.4 billion yuan, annual tax payment of about 150 million yuan, to solve the employment of 420 people
In addition,
Wanhua Chemical Southwest Base Project (Phase II) Project
is scheduled to start construction in August this year, with a total investment of 40 billion yuan,
mainly to build high-performance resins and water-based coatings, biofermentation and biodegradable plastics, lithium battery materials, vitamins and nutritional chemicals four major industrial chain 11 projects.
Fujian - Invest $50 billion
joint venture to establish Wanhua Chemical (Fujian) Co., Ltd.
On the evening of March 3, Wanhua Chemical announced that on March 2, Wanhua Chemical and Fujian Petrochemical Group Co., Ltd. signed a joint venture agreement to establish Wanhua Chemical (Fujian) Co., Ltd. in accordance with the 80%:20% shareholding ratio. Wanhua Fujian's initial registered capital was 3 billion yuan, Wanhua Chemical's cash contribution amounted to 2.4 billion yuan, accounting for 80% of the registered capital, and Fujian Petrochemical's capital contribution amounted to 600 million yuan, accounting for 20% of the registered capital.the
joint venture, which is 64% owned by Fujian Cornell Polyurethane Co., Ltd. at zero price, will build 400,000 tons/year MDI and aniline supporting projects, and the joint venture will expand its TDI production capacity to 250,000 tons/year, build 400,000 tons/year PVC project, and continue to build large-scale coal gasification projects.
addition, Wanhua Chemical will acquire a 49% stake in Fujian Southeastern Electric Co., Ltd., mainly engaged in chlor-alkali and thermoelectrelectrelectrvantry, providing raw materials and utility support for MDI and TDI projects. The purchase price is based on the assessed value. After Wanhua Chemical acquires Southeast Electric, Southeast Electric will expand its alkali production capacity from the current 120,000 tons/year and the 300,000 tons/year under construction to 600,000 tons/year. The overall planning of the southeastern electrochlor-alkali and thermoelectrelectrelectrvane projects is led by Wanhua Fujian Joint Venture.
Wanhua Chemical said the investment will realize the layout of Wanhua Chemical's production base in southeastern China, enhance Wanhua Chemical's competitiveness in the MDI and TDI industries, and enhance the market position of the polyurethane industry.
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