Wankai New Materials General Manager Xiao Haijun recently led a delegation to Indonesia to conduct an on-site assessment of key conditions related to the company's 1.5 million-ton-per-year food-grade polyethylene terephthalate (PET) project. The visit focused on project site conditions, infrastructure, raw material supply, port logistics, engineering preparations and localized operations, supporting planning for the next stage of the project's first-phase development.
The 2026 China Top 500 Private Enterprises list was released by the All-China Federation of Industry and Commerce (ACFIC) in Tianjin on September 22, 2026. Zhejiang ZHINK Group Co., Ltd. (ZHINK Group), the parent company of Wankai New Materials Co., Ltd., ranked 283rd on the 2026 China Top 500 Private Enterprises list, moving up 47 places from the previous year. ZHINK Group also ranked 212th among China's Top 500 Private Manufacturing Enterprises, an improvement of 21 places year on year.
On September 9, the 2026 Top 500 Zhejiang Enterprises Nationwide ranking was officially released. Wankai New Materials ranked 131st, while its parent company, Zhink Group, ranked 68th on the list.
Since its establishment in 2008, Wankai New Materials has remained focused on polyethylene terephthalate (PET), with bottle-grade PET at the center of its business.
Wankai New Materials Co., Ltd. has released its 2026 Half-Year Report, reporting significant growth in both revenue and net profit during the first half of the year.
On August 12, Shen Zhigang, Chairman of Wankai New Materials, led a delegation to Tashkent, Uzbekistan, for a business and investment study visit. The delegation conducted an on-site review of Wankai New Materials'Central Asia operations and held high-level discussions with Uzbekistan's national ministries, the Tashkent regional government and the Chinese Embassy in Uzbekistan.
Wankai New Materials and its partners have recently received the First Prize of the Anhui Provincial Science and Technology Award for the project “Key Technologies and Industrialization of Bio-based Furan Monomers and Polymers.”
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.
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.
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.
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