《Wanhua Chemical acquires French Kangrui's specialty isocyanate business》

04/19/2025 09:53:51

On the morning of April 10th, heavyweight news came from the chemical industry that Wanhua Chemical had successfully acquired the special isocyanate business of France's Kangrui, including a production base near Grenoble, France.
As an HDI giant, Kangrui has a production capacity of 70000 tons of HDI monomers in France. This acquisition can be regarded as a key milestone for Wanhua Chemical's global layout. Kangrui was once a leading global producer of HDI and its derivatives, with production bases in France, the United States, and Thailand. However, after the European energy crisis triggered by the Russia Ukraine war, its competitiveness sharply declined and its operations deteriorated, forcing it to enter the stage of judicial restructuring. And Wanhua Chemical seized the opportunity and took decisive action, not only gaining production facilities, but also incorporating Kangrui's sales channel brand in the European market, further consolidating its leading position in the specialty isocyanate industry and bringing it one step closer to its goal of becoming the world's number one.