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China PET Resin Market Update: Supply and Demand Trends Enter a New Balance
As the second half of 2026 begins, China's polyethylene terephthalate (PET) resin market is gradually moving toward a more balanced operating environment after experiencing significant adjustments in the first half of the year.
Strengthen Safety Defenses & Empower Green Development: Wankai New Materials Concludes 2026 Safety Production Month Campaign
Safety serves as the bedrock of sustainable PET manufacturing, while eco-compliance drives high-quality corporate growth.
Wankai Subsidiary Qingmei Intelligent Plastics Advances to National Innovation Competition After Securing Third Place in Zhejiang Provincial Finals
Haining, China — Wankai New Materials is pleased to announce that its subsidiary Qingmei Intelligent Plastics has achieved third place in the Industrial Development Track at the Zhejiang Provincial Finals of the 2026 "Create to Win the Future" Entrepreneurship Competition, earning a place in the upcoming national competition.
China Opens PET Futures Market to Overseas Traders, Expanding Global Pricing Influence
The Zhengzhou Commodity Exchange (ZCE) has officially expanded international access to China's polyester futures market, allowing overseas traders to participate in a range of polyester-related futures and options products under the exchange's broader globalization strategy.
Wankai New Materials-backed Light Magnesium Intelligent Plastic Holds Grand Opening Ceremony in Hangzhou
On May 18, Zhejiang Light Magnesium Intelligent Plastic Technology Co., Ltd. under Wankai New Materials Co., Ltd., successfully held its opening ceremony at the Hangzhou Shihuan Innovation Center.
Wankai New Materials'Parent Company Zhink Group Honored as "2025 Zheshang Enterprise Green Development Model"
Zhejiang Zhink Group, the parent company of Wankai New Materials, has been named one of the "2025 Zheshang Enterprise Green Development Models".
Coca-Cola Delegation Visits Chongqing Wankai
A delegation from Coca-Cola visited Chongqing Wankai on March 25 for an inspection and exchange, aiming to strengthen mutual understanding, deepen business cooperation and explore opportunities for joint development. Xiao Haijun, Chairman of Chongqing Wankai, along with Rotating General Managers Zang Honghui and Zou Xubo, warmly received the delegation.
Zero Import Duty for PET and Key Chemicals in India, Valid April 2–June 30, 2026
In a move to strengthen domestic manufacturing and ease raw material cost pressures, the Government of India, through the Ministry of Finance (Department of Revenue), has issued Notification No.12/2026‑Customs (G.S.R. 246(E)), implementing a temporary zero‑import‑duty regime for critical industrial chemicals and plastic raw materials. The policy runs from April 2, 2026 to June 30, 2026.
Wankai New Materials | CHINAPLAS 2026 Invitation
With the core theme of "Transformation · Collaboration · Co-Creating Sustainability", CHINAPLAS 2026 is a globally influential grand event in the plastics and rubber industry. It has obtained dual recognition from the Global Association of the Exhibition Industry (UFI) and the European Association of Plastics and Rubber Machinery Manufacturers (EUROMAP), and its influence is second only to Germany's "K Show".
Innovating for Growth, Thriving Together — Wankai New Materials 2026 Spring Gala
On February 10, Wankai New Materials held its 2026 Spring Gala under the theme “Innovating for Growth, Thriving Together.” The event brought together company leaders and employees to reflect on the accomplishments of 2025, celebrate the dedication of the team, and set the stage for a promising 2026. The gala combined recognition of outstanding achievements, heartfelt messages, and moments of joy and camaraderie, highlighting the spirit and unity that drive Wankai forward.
Wankai New Materials and Partners Facilitate PEF Approval as Food Contact Material in China
February 5, 2026, Zhejiang, China – The China National Center for Food Safety Risk Assessment (CFSA) has approved Poly(ethylene furanoate) (PEF) as a new food-contact material, according to a recent announcement issued under China's Food Safety Law.
BASF and Wankai's Subsidiary Zhengdakai Form Strategic Partnership to Build a Green Chemical Future in Dazhou
Recently, BASF (China) Co., Ltd., a global leader in the chemical industry, and Sichuan Zhengdakai New Materials Co., Ltd., a wholly-owned subsidiary of Wankai New Materials, officially signed an innovation cooperation memorandum in Dazhou, Sichuan. This marks the beginning of a new chapter in strategic collaboration between the two parties, focusing on green chemicals and innovative materials.
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Ready to see how our commercial and industrial PET can brighten up your projects? Fill out the contact form below, and one of our PET specialists will get back to you soon!