Wankai New Materials Ranks Among China's Top 500 Petrochemical Enterprises in 2024

Since its launch in 2003, the "Top 500 Chinese Petrochemical Enterprises" list has documented the growth of major chemical companies in China, showcasing the industry's key achievements. Evaluation criteria include operating income, total profit, asset size, R&D investment, and industry influence. This recognition highlights not only the competitive strengths of these enterprises but also their roles in technological innovation, sustainable development, and market expansion. Moreover, the list promotes collaboration and learning opportunities among companies, driving overall industry progress.

Wankai's inclusion in this esteemed ranking reflects its growing strength and influence in the petrochemical sector, solidifying its leadership position within the industry. This accomplishment acknowledges the company's past efforts and serves as a motivating force for future growth.

Wankai New Materials Co., Ltd. embraces an open innovation philosophy, aiming to create an integrated industrial chain as it evolves into a comprehensive industrial group. The company has a production capacity of 3 million tons of bottle-grade PET, with manufacturing facilities located near the Yangtze River estuary in Haining, Zhejiang Province, and in Chongqing, a key hub of the "Belt and Road" initiative.

In the upstream sector, Wankai is actively developing the crucial raw material for polyester bottle chips—natural gas-based MEG—and concurrently producing electronic-grade DMC, ensuring an efficient and environmentally friendly manufacturing process.

On the downstream side, the Wankai industrial park hosts Pukai New Materials Co., Ltd., which specializes in PET sheets, as well as Zhejiang Jkai Plastic Technology Co., Ltd. in Jinhua, Zhejiang, primarily focused on producing PET plastic cups. Moreover, Wankai's subsidiary, Zhejiang KaiPuQi New Materials Technology Co., Ltd. is dedicated to research and innovation, successfully launching a range of innovative products, including PETG, PEF, and functional polyester materials.

Wankai's international footprint is also expanding. In the first half of 2024, driven by its proactive overseas marketing strategy, the company experienced significant growth in exports to Indonesia and Central Asia, with overseas revenue increasing by 30.13% year-on-year.

Leveraging the Top 500 Chemical Enterprises Conference, Wankai aims to promote world-class enterprise development, foster an inclusive environment, and optimize our supply chain. The company will also enhance R&D capabilities and brand influence to ensure coordinated growth across the entire industrial chain, paving the way for a new era of high-quality development.