Yantai, Shandong – Wanhua is planning to build a 120kT/year MDI-based TPU facility at the Wanhua Industrial Park in Yantai.
The project’s first environmental impact review, which is open to the public, started in November.
Wanhua will pump CNY 514m ($74 m) investment into the project. This will add 11 TPU production lines to the site, according to the environmental filing.
Earlier this year, UTECH-polyurethane.com published details of plans to expand TPU in Yantai.
When it is complete, the expansion will bring the site’s total TPU capacity to 210kT/year, the company told UTECH-polyurethane.com. No details of the construction period or other project parameters have been disclosed.
According to SWS Research, a Chinese stock analyst, the new project will secure the company’s place as the largest TPU maker in the Asia Pacific region. At the same time, it will become the world’s third largest.
However, over the past few years, China’s average TPU import price has been significantly higher than its average export price, according to SWS Research.
The analysts add that the TPU sector is highly dependent on overseas suppliers for higher-end products.
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