【Haichuan Chemical Salary News Sharing】Kickoff Meeting for the Engineering Design of the 400,000-ton/year MDI Project using Isocyanate at Wanhua Chemical (Fujian), including main facilities and auxiliary systems
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On May 11, a planning meeting for the design work of the 250,000 tons per year TDI capacity expansion project at Wanhua Chemical (Fujian) Co., Ltd., as well as the overall design and auxiliary facility design for the 400,000 tons per year MDI project at Wanhua Chemical (Fujian) Isocyanate Co., Ltd., was held at Saiding Company.
On March 2, Wanhua Chemical and Fujian Petrochemical signed a joint venture agreement; the two parties plan to invest together to establish Wanhua Fujian. Under the joint venture agreement signed by both parties, the joint venture company acquired 64% of the shares of Fujian Cornell at zero cost, and proceeded to build a project for the production of 400,000 tons per year of MDI and aniline as part of this venture ； The joint venture plans to build a TDI plant along with associated facilities, expanding TDI production capacity to 250,000 tons per year; it also intends to construct a PVC plant with an annual capacity of 400,000 tons and to continue working on the large-scale gasification project.
Zhou Enli, Deputy Secretary of the Party Committee and Deputy General Manager of Saiding Company; Zhang Ge, Deputy General Manager of Wanhua Chemical (Fujian) Co., Ltd.; Chen Haiping, Executive Deputy General Manager of Wanhua Chemical (Fujian) Isocyanate Co., Ltd.; as well as relevant personnel from Hualu Company – these three parties’ representatives attended the meeting. The successful holding of this kick-off planning meeting marks the official commencement of the construction work for the Wanhua Fujian project. On March 2, 2020, the Wanhua Chemical Group’s Fujian Industrial Park project was signed and established in Fujian. The Wanhua Fujian Industrial Park project plans to invest 50 billion yuan in Jiangyin.
Saiding is a loyal supporter of Wanhua, and has been serving Wanhua all along
The joint venture company acquired 64% of Fujian Cornell’s shares at zero cost. It seems that Cornell really has no money left, to the point where it is willing to sell its assets for nothing...
Does Wanhua Chemical (Fujian) plan to invest 50 billion yuan in Jiangyin? ! Jiangyin in Wuxi, Jiangsu?