Dear all,
As 2025 approaches, I would like to take this delightful moment, on behalf of the company, to extend my sincere greetings and heartfelt blessings to all Wanhua Chemical colleagues, their families, and friends from all walks of life.
Looking back on 2024, all Wanhua Chemical colleagues embraced the new vision of “To become an innovative, world-leading chemical company, admired by our employees and respected by the community”, achieving significant progress.
This year, we seized opportunities and advanced our development in digitalization and intelligence. Several production facilities achieved autonomous operation, predictive maintenance projects for equipment were successfully piloted across multiple sites, and the research institute completed its first batch of AI for Science projects. The rapid development of AI has unlocked infinite possibilities for industrial progress.
This year, we have been deeply engaged in innovation, achieving breakthroughs in battery cathode and anode materials, PU manufacturing technology, and high-end optical material technologies such as XDI, MS, and high-refractive-index PC. We have also developed new products like nylon 12 elastomers, polysulfone, and XDO. In addition, we continuously explore new fields such as synthetic biology, electrochemistry, and other cutting-edge technologies.
This year, we elevated industrial development to new heights. We achieved a complete industrial chain layout for battery positive electrode materials, laying a solid foundation for future business. Phase I of the Penglai Industrial Park has been completed and put into operation, while the construction of the ethylene phase II project has progressed steadily. Additionally, a range of proprietary technologies, including POE, green PO, and citral, have been successfully industrialized.
This year, we focused on customer orientation and enhanced the global reputation of the Wanhua Chemical brand. We delivered the best products, exceptional service, and diverse solutions to exceed the expectations of our global partners. We expanded our global reach and built a more sustainable and resilient supply chain to quickly respond to customers’ requests from every corner of the world.
In 2024, all employees remained steadfast in their roles, worked with dedication, and pursued excellence. The success of Wanhua Chemical is built on the contributions and efforts of every individual.
2025 is coming, challenges remain ahead. We will enhance operational efficiency and product competitiveness, defining the management theme for 2025 as the “Year of Transformation”. Our focus will shift from investment-driven to business-driven strategies. We will optimize organizational structures to improve efficiency and strengthen value creation and performance orientation, fully unlocking the enthusiasm and creativity of all employees.
In the new year, our strategy will be more focused, aiming to build strong competitive advantages. First, we will accelerate the capacity expansion and efficiency improvement of MDI, ensure the on-schedule commissioning of the ethylene phase I modification project and phase II construction project, implement special polyolefin projects, and drive the iterative upgrading of fine chemicals, further strengthening our existing product advantages. At the same time, it is crucial to recognize that the battery materials business represents Wanhua Chemical’s strategic foundation for long-term development. While entering a completely new industry inevitably brings significant risks and challenges, we will consolidate our strengths to accelerate technological innovation in battery materials and strive to become the industry’s “Chief Innovation Officer” as soon as possible. We will expedite the construction of the Haiyang Battery Material Industrial Park, rapidly enhance our battery material supply capabilities, and promptly meet the fast-growing demands of our customers.
In the new year, we will embrace transformation with new perspectives and passion to create a brighter future.
Wishing you all a Happy New Year and happiness with your family!
Liao Zengtai
December 31，2024
鲁公网安备 37069302000521号