Announcement on the Progress of U.S. MDI Project by Wanhua Chemical Group
2019-11-06    [Source:Wanhua]

On November 17, 2018, Wanhua Chemical Group published the Announcement on Building an Integrated MDI Project in the United States. At the preliminary design stage, the investment for the project increased significantly due to changes in the external environment. The company is reevaluating the scale and location of the project. Despite these difficulties and challenges, the company still plans to have a MDI capacity of 400,000 tons per year in the United States.

Before the U.S. facility is put into production, the company will continue to serve the North American market with its products from China and Europe and ensure stable supply.

The change in U.S. project will not have a significant impact on the company's financial position.

Wanhua will fulfill relevant decision-making procedures and information disclosure obligations in a timely manner according to the progress of relevant work. Investors should be alert to investment risks.

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