[Chemical Equipment Powerful Country and Important Equipment] 414-2020 Wanhua Chemical Hungary Company BC Project Core Reactor

The summer heat is hard! Keep up with heatstroke prevention and cooling! Clarify the focus of work! Do not relax in safety analysis! ----------------------------------------------- The past ten years have been an era of great development for China's chemical industry. The emergence of many new processes, new products, and new equipment has also been a great development for my country's chemical equipment, which has also promoted the rapid development of the petrochemical industry. Here we have collected and sorted out some achievements and breakthroughs made by my country's equipment companies in the large-scale and localization of equipment. Welcome everyone to share, discuss, and cheer for Made in China, and cheer for chemical equipment! ------------------------------------------------------ [Chemical Equipment Great Power and Important Weapons] series summary post is being updated https://bbs.hcbbs.com/thread-3366481-1-1.html (Source: Huahaichuanliu-Haichuan.com)

As the world's largest MDI (diphenylmethane diisocyanate) production company, it fully acquired Hungary's largest chemical company BorsodChem Group (hereinafter referred to as "BC Company") in 2011. BC Company did go through a "difficult running-in period" for two years in operational management after completing the acquisition. However, since 2013, the company's overall operations have continued to improve, and "sustained profitability was achieved from January to April 2014." For today's Wanhua, BC Company's return to business seems to be just a prelude to its "penetration" into Hungary. As the largest Chinese-funded enterprise with the largest investment in Central and Eastern Europe, Wanhua's new "link" identity is becoming increasingly prominent. “Wanhua's takeover of BC Company fulfilled the company's previous commitments and deepened the local * * and public recognition of the company, using this as a bridge, more Chinese companies will also invest in Hungary. ”Ding Jiansheng said. Three years ago when Wanhua was planning to establish the economic and trade cooperation zone, it paid 1.2 billion euros to fully control BC Company. In the polyurethane production industry with oligopolistic competition, this merger immediately attracted a lot of attention in the industry. Against this background, Wanhua’s business influence in Hungary continues to grow. After Wanhua acquired BC Company, Hungary's largest chemical manufacturing industrial park, BC Industrial Park, was also acquired. According to information from Wanhua, the park was acquired by Hungary in 1997. * * Approved, it has 4.2 square kilometers of industrial land, 51 member companies and more than 3,000 chemical operations and manufacturing teams. Later, in China * * and Hungary * * Within the framework of the cooperation, this huge industrial park was renamed the "China-Hungary Boside Economic and Trade Cooperation Zone" (hereinafter referred to as the "Economic and Trade Cooperation Zone"). Under the guidance of the Ministry of Commerce of China, Wanhua, as the leading party, will build the economic and trade cooperation zone into a processing and manufacturing base integrating chemical industry, light industry, biomedicine, machinery manufacturing, logistics and other core industries. “Hungary's geographical location and geopolitics are very important to Europe. The policies, laws, and investment environment are relatively stable. Wanhua's success in Hungary is conducive to other Chinese companies coming to invest. This will not only revitalize the land resources in the industrial park, but also improve the efficiency of resource utilization. In addition, Wanhua's presence in China * * and hungary * * The image of the company has also been virtually improved. ”Ding Jiansheng said. A reporter from the 21st Century Business Herald learned that Wanhua has completed a total of more than 1.5 billion euros in project investment since settling in the BC Industrial Park. In addition to an infrastructure investment of 200 million euros, the park has also completed construction of water, electricity, gas, roads, public works, human resources, etc. “Currently, Hungary * * The economic and trade cooperation zone has been approved, and Wanhua is preparing relevant materials and submitting them to the Chinese Ministry of Commerce for approval. ”Ding Jiansheng said. At the same time, Ding Jiansheng also revealed that according to the previous agreement, the economic and trade cooperation zone will introduce at least 10 Chinese-funded companies. Currently, one company in Rizhao, Shandong has signed the agreement, and another Chinese-funded company is still in the negotiation stage. “Hungary is a member of the European Union and a 'bridgehead' in Europe. Chinese companies entering Hungary will play a significant role in entering the European market. Relying on the existing conditions, Wanhua is willing to play this bridge role to attract Chinese companies to 'enter' Europe in a cluster. ”Ding Jiansheng said. According to the 21st Century Business Herald reporter, based on Wanhua and Hungary * * We have established a good cooperative relationship. Recently, Bank of China plans to cooperate with Bank of China Hungary Branch and Hungary Branch. * * The Investment and Trade Bureau jointly held an investment recommendation meeting, and as an influential local Chinese company in Hungary, Wanhua was once again invited to serve as a recommendation.