THE WOODLANDS, Texas, November 24, 2021 – Nexeo Plastics, a leading global thermoplastics resin distributor, has agreed to partner with Wanhua Chemical Group, a global leader in the production and marketing of polyurethanes and petrochemicals, to distribute Wanhua’s TPU polyester, polyether, polycaprolactone, polycarbonate and aliphatic TPUs Wanthane® brand across Benelux, UK, Ireland and Spain*.
“We are delighted to establish a strategic partnership with Wanhua Chemical Group, a global player in the field of TPUs,” said Joost d’Hooghe, Nexeo Plastics Vice President of Europe, Middle East and Africa. “By collaborating with Wanhua, we are expanding our portfolio of high value TPEs and complementing the solutions that we offer to key industries, such as packaging, automotive, electronic, and electrical.”
Wanhua Head of Performance Material Business Unit Dr. He Yong commented, “As the trend towards greater use of high performing polymers in the EU/Americas continues to open new opportunities and increases demand for high-quality products, Wanhua's goal is to become the key brand of excellence in TPU. We strive to have the right products, a team of experts in place, and the flexibility to provide excellent customer service."
Frank Zhang, Wanhua Head of Oversees Sales Department, added, "Wanthane® TPU is a growing brand which includes quality products that have been used extensively for years in many applications. With the agility of a streamlined organization, our focus is to grow the business in Europe and America as quickly as possible. Our partnership with Nexeo Plastics in Benelux, UK and Ireland, as well as in some segments in Spain is an important part of our strategy."
Wanhua is committed to supplying premium products and value-added services to meet the industry’s growing demand. Its ISO9001, 14001 and IATF16949 certified BorsodChem TPU plant in Hungary will enable Nexeo Plastics and Wanhua to quickly respond to customer requests, expanding their leadership in the region.
* In Spain, Nexeo Plastics distributes TPU extrusion grades only.
About Nexeo Plastics
Nexeo Plastics is a leading global thermoplastic resins distributor, representing quality products from world-class suppliers, and serving a diverse customer base across North America, Latin America, Europe, Middle East, Africa and Asia. From material selection assistance to identifying supply chain and inventory solutions, we go beyond traditional logistics to provide value-added services across many industries, including automotive, healthcare, packaging, wire and cable, 3D printing and more. Learn more at www.nexeoplastics.com, and follow us on LinkedIn at www.linkedin.com/company/nexeoplastics/mycompany.
About Wanhua Chemical Group
The Wanhua Chemical Group, a global leader in the production and marketing of Polyurethanes and Petrochemicals, based in Yantai, China, was founded in 1998 and supplies a complete range of polyurethane products, petrochemicals and other functional solutions. The company has been listed on the Shanghai Stock Exchange since 2001.
Wanhua focuses on customers’ needs and is committed to supplying premium products and value-added services to meet the growing demand, continuously implementing efficient solutions to respond more quickly to customer requests, including operating outside of China.
In addition to its ~12 km² industrial park in Yantai, Wanhua operates production sites in China and Kazincbarcika, Hungary. In 2020, Wanhua started the operation of a TPU plant outside of China at BorsodChem in Hungary. https://en.whchem.com/