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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.
Wanhua Chemical Group acquired the entire equity of Sweden's Chematur Technologies from Kangnaier Investment Group for CNY 925 million (USD 134.4 million).