Recently, as the "Huawei" in the chemical industry, Wanhua chemical absorbed and merged the news of Wanhua chemical, and basically scheduled the most important sum in China's M & a market in 2018. So proud, it brought back another game for China!
Wanhua chemical broke back a game for China!
In 2025, the development of manufacturing in China is at its peak. At present, the overall level of China's manufacturing industry has reached the camp of the world's manufacturing power.
As far as our chemical industry is concerned, Wanhua chemical is no stranger to us, right? Wanhua chemical is known as "Huawei" in the chemical industry because it is the only enterprise in China with independent intellectual property rights of MDI manufacturing technology and the award-winning enterprise of "the first prize of national scientific and technological progress". Wanhua chemical's position in the chemical industry is equivalent to Huawei's position in the communication industry.
On August 16 this year, Wanhua chemical's major asset restructuring project was unconditionally approved by the CSRC, becoming Wanhua in the world and surpassing BASF to become a global MDI giant! Presumably, such dazzling chemical enterprises have been targeted by some countries in the dark.
50 billion, Wanhua 2018 major merger!
With 52.2 billion yuan, Wanhua chemical absorbed and merged Wanhua chemical, and basically scheduled the most important sum in the Chinese M & a market in 2018. It is also the largest cross-border M & a project conducted by domestic enterprises in central and Eastern Europe along the "the Belt and Road" so far.
On August 16, 2018, Wanhua chemical's major asset restructuring project was unconditionally approved by the CSRC. 12 days from the acceptance to the meeting, this speed has also attracted attention.
However, as the CSRC spokesman Chang depeng said at the press conference: "as a representative of state-owned high-tech listed companies, Wanhua chemical's absorption and merger application can be reviewed and passed the meeting quickly, which reflects the CSRC's firm determination to support the merger and reorganization of listed companies." Since then, the pace of mergers and acquisitions has been significantly accelerated in the domestic media.
Moody's, a world-famous rating agency, timely upgraded Wanhua chemical's rating from baa3 to Baa2, with a stable outlook. Moody's believes that after absorbing and merging Wanhua chemical, Wanhua chemical will become the world's largest MDI producer with a total capacity of 2.1 million tons / year; At the same time, with the continuous production of PC and TDI, the relevant diversified operation has been further improved and the sustainable profitability continues to be enhanced.
In the view of Wanhua chemical, this reorganization is a key step for the company to seize major strategic opportunities and move towards the world. By absorbing and merging Wanhua chemical, Wanhua chemical will realize the layout of its physical business along the "the Belt and Road".
MDI is a chemical product with high technical threshold, which has been controlled by Dow, BASF and other chemical giants for a long time. Through tackling key technical problems, Wanhua chemical has gradually broken the monopoly and grown into the only MDI production enterprise in China. At the same time, the company also actively uses mergers and acquisitions to find opportunities around the world.
In 2011, the company extended its production tentacles to Europe for the first time. Wanhua chemical's controlling shareholder invested 1.26 billion euros to acquire BC company, the largest enterprise in Hungary and the world's eighth largest MDI supplier. Wanhua chemical will become the world's largest producer of MDI (in terms of production capacity). At the same time, this move will completely solve the potential horizontal competition with BC companies subordinate to the controlling shareholder.
The M & A was rated as the best restructuring transaction in Europe, the Middle East and Africa in 2010 by international financial review. Seven years ago, the M & A with the controlling shareholders of listed companies as the main body "finally reached the results satisfactory to all relevant parties", which also laid the groundwork for the reorganization of Wanhua chemical.
On November 16, Wanhua chemical announced that the company plans to establish an annual output of 400000 tons of MDI device and integrated supporting plant in Louisiana through its subsidiary Wanhua chemical US operations LLC, with a project investment of about US $1.25 billion.
BC will expand its production base in Ningbo and Yantai in 2021 after its merger and acquisition in the United States. With the completion of the reorganization, Wanhua chemical will surpass BASF and become the largest in the world.
(Wanhua chemical industry chain)
Moody's, a world-famous rating agency, also timely upgraded Wanhua chemical to Baa2, becoming the world's largest MDI manufacturer. At present, PC, TDI and other chemical products have been put into operation one after another, and a large amount of money has been invested in the polyolefin industry. Wanhua chemical has been able to shake the international chemical industry, which also indicates that China's chemical enterprises are moving towards the world.
Learn from foreigners and master skills to control foreigners, and China's chemical industry will go to the world!
The development history of Wanhua chemistry is a miracle! From nothing to the world, from the verge of bankruptcy to sales of more than 10 billion, Wanhua chemical is a miracle in the chemical industry. At the beginning, Wanhua chemical was still a small factory, but it imported three sets of synthetic leather equipment from abroad with a sky high price of nearly 500 million, including MDI production unit.
But it didn't last long. The device was full of problems in just six years. Problems such as shutdown, explosion, poor quality of finished products and production reduction emerged one after another. At the same time, the United States and Japan blocked the relevant MDI technology, resulting in the bankruptcy of Wanhua chemical for a time.
The technology is backward and the factory is endangered. We can only save ourselves. In this way, Wanhua chemical began independent research and development, and will study the three imported machines and their repeated disassembly and assembly.
With the support of many national scientific and technological units, it took only three years to successfully develop MDI production devices, becoming the fifth country in the world with MDI independent intellectual property rights! Today, two of the three largest MDI devices in the world are in Wanhua chemical bag!
Wanhua chemical has turned this ancient Chinese saying into reality. While improving the imported technical devices, we keep an eye on the trend of foreign MDI manufacturers. According to the western economic law, BC chemical acquired it when the capital chain was broken, and became the most competitive MDI manufacturer in the world and the largest TDI supplier in Europe, which was close to German giant BASF.
World War I became famous, but Wanhua chemical has struggled for 17 years. From introduction to improvement, and then to innovation, with the help of Wanhua chemical's chemical technology, we have seen the progress of chemical industry and the strength of made in China.
Chemical power, rise here!
The development of made in China does not only lie in Wanhua and Huawei, two enterprises that break international boundaries. No matter what the trend of Huawei incident is, today's Sino US trade market begins to cool down, and the newly eased chemical market may return to the cold wave.
With the cross-border reorganization and M & A of Wanhua chemical, beating back BASF has become the first, which symbolizes that made in China has been pressing against other countries step by step, and also shows that China's chemical industry has gone to the world. In time, China can also become a chemical power!
Latest: full mastery of Wanhua dynamics
Wanhua chemical's top 50 chemicals
On June 30, 2017, chemical and Engineering News (C & EN) released the latest list of "top 50 global chemicals", and BASF still topped the list this year. This year, together with Syngenta, which was acquired by China Chemical Group, four Chinese chemical companies have entered the top 50. Sinopec ranks third respectively; Formosa Plastics ranked sixth, Syngenta ranked 34th and Wanhua chemical ranked 43rd.
Wanhua chemical was shortlisted as one of the world's top 1000 innovators
Wanhua Chemical Group Co., Ltd. is a leading manufacturer of propylene, isobutane and their derivatives. Its main products include isocyanate (MDI, TDI, ADI), propylene, propylene oxide (PO), tert butyl alcohol (TBA), methyl tert butyl ether (MTBE), acrylic acid / acrylate (AA / AE), n-butanol, neopentyl glycol (NPG), liquefied propane, liquefied butane and liquefied petroleum gas (LPG).
PricewaterhouseCoopers strategic recently released the 2018 global innovation 1000 report, and 56 chemical enterprises were shortlisted as the global innovation 1000.
Three Chinese chemical enterprises were shortlisted: Wanhua chemical (627), Jinfa Technology (804) and Rongsheng Petrochemical (895).
World class chemical new material Park
On November 3, Wanhua chemical announced that in order to build Wanhua Yantai Industrial Park into a whole industry chain and world-class chemical new material Park, Wanhua Group plans to build a new polyurethane industry chain integration ethylene project, which has been deliberated and approved at the 13th interim meeting of the seventh board of directors in 2018.
It is reported that the total investment of the project is 16.804 billion yuan. After the project is completed and put into operation, it will produce 1 million tons of ethylene and propylene, mixed C4, C6 + and other intermediate products annually, and further process and produce 400000 tons of PVC, 150000 tons of ethylene oxide, 450000 tons of LLDPE, 300000 tons of propylene oxide, 650000 tons of styrene, 50000 tons of butadiene and other downstream products. The construction period of the project is 2 years.
ADNOC and Wanhua signed a 10-year LPG sales agreement
Abu Dhabi National Oil Company (ADNOC) signed a 10-year liquefied petroleum gas (LPG) sales agreement with Wanhua chemical. The company in the Arabian Gulf signed long-term supply agreements with a number of Asian buyers.
ADNOC said that according to the terms of the contract, Wanhua will purchase up to 1 million tons of liquefied petroleum gas every year. Price details have not been disclosed.