YANTAI, China—Wanhua Chemical Group said it is planning to establish a new sales company in the Special Economic Zone in Yantai, where Wanhua is building its new headquarters and global research and development center.
The new company, Wanhua Chemical Sales Co. Ltd., will have $3.6 million in registered capital, according to the company. It will be an integrated domestic sales platform for methylene diphenyl diisocyanate, thermoplastic polyurethane, methylene dioxyamphetamine, hexamethylene diisocyanate, isophorone diamine, waterborne polyurethane and petrochemicals.
According to the announcement, the new company's business will cover sales of PU and additives, isocyanates and derivatives, general machinery equipment, hardware, minerals, chemical products and building materials. The firm will be involved in technical consulting as well as import and export of commodities and technology.