Yantai Wanhua Polyurethanes Co., Ltd. was founded on December 20, 1998 and is the first listed shareholding enterprise following reorganization in Shandong Province, China. In 2008, Yantai Wanhua achieved sales revenue of RMB 7.704 billion and net profit of RMB 1.51 billion.
In 2004~2006 three consecutive years, the company was listed among "the China's Nifty 50" – the Most Growing Potential A-Share Blue-chip Companies by the New Finance Economics Magazine.
In 2006, Yantai Wanhua was elected to be the 2005 Most Valuable Listed Company by CCTV-6 Channel.
In 2007, Yantai Wanhua was entitled the “2007 CCTV Best Employer” and awarded the First Class Prize of 2007 State Science & Technology Progress Award for the project of 200,000 t/y MDI Mass Production Technology Development & Industrialization.
In 2008, 160,000 t/y MDI project in Ningbo was awarded the "State Environmental Friendly Project".
In 2009, Yantai Wanhua made greater achievement and was awarded the title of "2009 Hewitt Best Employer".Meanwhile, the sole State-level Engineering Technical R&D Center in polyurethane industry was formally launched in Wanhua and 160,000 t/y MDI project in Ningbo also won the National Gold Medal for Excellent Engineering.
Yantai Wanhua's business covers R&D, production and marketing of isocyanates, aromatic polyamines and thermalplastic polyurethanes (TPUS) . The company currently has two MDI plants with the total capacity of 500,000 tons/year while product quality and unit consumption have reached the world advanced level.
MDI is one of the key materials in the manufacturing of polyurethane. Polyurethane has both rubber and plastic features. As a result, it has incomparable performances comparing to other synthetic materials, especially in thermal insulation, sound proof, abrasive resistance, oil resistance, elasticity and flexibility. Therefore it has also been widely used in chemical industry, light industry, textile, construction, domestic appliance, building materials, transportation, vehicles and aviation etc.
As a people-oriented company, Yantai Wanhua is always insisting on the principle of respect for talents and winning by team. We have attracted qualified and experienced employees globally and brought Yantai Wanhua from a single plant into a large group with subsidiaries at over the world.
As a responsible company, Yantai Wanhua is always insisting on the philosophy of credit management and responsible care for the development of green chemical industry. We are dedicated to a model of enterprise citizenship by providing excellent products and value added services to our customers and rewarding to social care with a heart filled with gratitude.
Yantai Wanhua is holding the historic opportunity of China's reform and economic rapid development and implementing internationalization strategy to fulfill the dream to be a world class chemical new material company for creating better life for human being.