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Wanhua Chemical: Raise MDI Price In September! Zero Acquisition Of Fujian Cornell 51% Stake!
In August 29th, Wanhua chemical announced the latest announcement. Since September, it has raised the MDI price announcement in China.
Among them, the aggregated MDI distribution market has a listing price of 15500 yuan / ton (up to 500 yuan / ton than the August price), the selling price of the direct selling market is 15500 yuan / ton (up to 500 yuan / ton compared with August price), and the pure MDI listing price is 21700 yuan / ton (up 1000 yuan / ton than the August price).
At the same time, Wanhua chemical announced that the 51% stake of Cornell polyurethane limited liability company held by Cornell Formosan Union Chemical Corporation at zero yuan will be completed within 30 working days from the date of signing the agreement.
It is reported that in October 19, 2018, Fujian Cornell Polyurethane Co., Ltd. 400 thousand tons / year MDI project has been approved by the Fujian provincial development and Reform Commission.
The project is divided into two phases. The first phase is 400 thousand tons / year MDI plant, and 55 thousand tons / year formaldehyde (100wt% formaldehyde meter) and 100 thousand tons / year ODC hydrochloric acid electrolysis device (100%Cl2). The two phase is to build 480 thousand tons / year nitrobenzene, 360 thousand tons / year aniline and 270 thousand tons / year nitric acid plant. The project site is the industrial land planned for the industrial concentration area of Jiangyin, with a total area of 566434.
Project investment: the total investment of the project is about 6 billion 602 million yuan, of which the first phase investment is about 5 billion 605 million yuan. The project has signed the project land investment contract and obtained the construction permit. In October 19, 2018, the 400 thousand tons / year MDI project was approved, the project environmental impact statement was approved in December 14, 2018, and the project safety evaluation examination was approved in December 25, 2018. In January 31, 2019, the project construction monitoring chemicals production facility was approved. Up to now, the initial construction volume has invested about 300 million yuan, and the actual capital has been paid about 180 million yuan.
Wanhua chemical acquisition of Cornell polyurethane limited liability company in Fujian, will have a manufacturing base in Fujian, through the investment and construction of MDI and its supporting devices to enhance the company's capacity, optimize the layout of the MDI industry, enhance the competitiveness of the industry.
Among them, the aggregated MDI distribution market has a listing price of 15500 yuan / ton (up to 500 yuan / ton than the August price), the selling price of the direct selling market is 15500 yuan / ton (up to 500 yuan / ton compared with August price), and the pure MDI listing price is 21700 yuan / ton (up 1000 yuan / ton than the August price).
At the same time, Wanhua chemical announced that the 51% stake of Cornell polyurethane limited liability company held by Cornell Formosan Union Chemical Corporation at zero yuan will be completed within 30 working days from the date of signing the agreement.
It is reported that in October 19, 2018, Fujian Cornell Polyurethane Co., Ltd. 400 thousand tons / year MDI project has been approved by the Fujian provincial development and Reform Commission.
The project is divided into two phases. The first phase is 400 thousand tons / year MDI plant, and 55 thousand tons / year formaldehyde (100wt% formaldehyde meter) and 100 thousand tons / year ODC hydrochloric acid electrolysis device (100%Cl2). The two phase is to build 480 thousand tons / year nitrobenzene, 360 thousand tons / year aniline and 270 thousand tons / year nitric acid plant. The project site is the industrial land planned for the industrial concentration area of Jiangyin, with a total area of 566434.
Project investment: the total investment of the project is about 6 billion 602 million yuan, of which the first phase investment is about 5 billion 605 million yuan. The project has signed the project land investment contract and obtained the construction permit. In October 19, 2018, the 400 thousand tons / year MDI project was approved, the project environmental impact statement was approved in December 14, 2018, and the project safety evaluation examination was approved in December 25, 2018. In January 31, 2019, the project construction monitoring chemicals production facility was approved. Up to now, the initial construction volume has invested about 300 million yuan, and the actual capital has been paid about 180 million yuan.
Wanhua chemical acquisition of Cornell polyurethane limited liability company in Fujian, will have a manufacturing base in Fujian, through the investment and construction of MDI and its supporting devices to enhance the company's capacity, optimize the layout of the MDI industry, enhance the competitiveness of the industry.
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