# Wanhua Chemical plans to buy 80% stake in MDI plant in Fujian, China

Wanhua Chemical Group is planning to buy an 80 percent stake in Kangnaier Investment Group's upcoming methylene diphenyl isocyanate (MDI) plant in Fujian province, China, with an annual production capacity of 800,000 tons. The factory is scheduled to be put into operation in October 2019.

- Type: Acquisition
- Announced: 2019-07-30
- Where: Fujian province, China
- Status: announced
- Capacity: 800,000 tons per year
- Products: methylene diphenyl isocyanate (MDI)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Wanhua Chemical](https://endata.com/companies/5042.md) (acquirer)
- [Kangnaier Investment Group](https://endata.com/companies/42597.md) (partner)

## Sources

- [everchem.com](https://everchem.com/category/company-news/page/427/), 2019-10-09: "Wanhua is also planning to buy an 80 percent stake in Kangnaier's upcoming methylene diphenyl isocyanate plant in Fujian."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.