Wanhua Chemical announced that the company has decided to develop a new $ 1.25 billion American chemical manufacturing complex in Convent, St. James Parish, Louisiana. The new MDI plant has a capacity of 400 kilotons per year.
Baton Rouge/USA — According to the company, the investment in Louisiana has strategic significance to their position as a global supplier for the polyurethane industry, as it helped them to further strengthen their focus on markets in the Americas. The company strives to achieve their goal of becoming North American customers’ preferred local isocyanates provider, starting from local production. Wanhua has had a presence in the United States for over a decade, with long term relationships with numerous American companies.
The North American polyurethane market has witnessed continuous growth in recent years. Once operating at full capacity, the new facility will enhance the manufacturer’s supply capability and stability of MDI in North America, as well as broaden the product portfolio. The US-based complex will be another major component of Wanhua’s global development of MDI and polyurethanes. This project will generate 1,000 construction jobs at peak activity, and create 1,230 new direct and indirect jobs.