On the afternoon of July 14, Wanhua Chemical issued an official announcement that its important overseas subsidiary, BorsodChem Zrt. in Hungary, will commence its annual turnaround maintenance plan for the integrated facility.
According to the announcement, BorsodChem's 400,000-ton/year MDI and 250,000-ton/year TDI production units and supporting facilities will be taken offline for maintenance starting from July 17, 2026, with the maintenance expected to last approximately 35 days. This turnaround is a scheduled annual routine maintenance. Wanhua Chemical stated that the maintenance will not have any impact on the company's production and operations.
This maintenance comes at a time when Wanhua Chemical is enjoying a record-high performance. Just one week earlier, Wanhua Chemical released its first-half performance pre-announcement, estimating net profit attributable to shareholders of RMB 9.8–10.4 billion, representing a year-on-year increase of 60.05%–69.85%.
In the second quarter, Wanhua Chemical's polyurethanes segment saw significant price increases for its products:
| Product | Q2 Avg. Price | YoY Change | QoQ Change | Q2 Avg. Price Spread |
|---|---|---|---|---|
| Pure MDI | 22,563 | +30% | +19% | 14,482 |
| Polymeric MDI | 17,863 | +14% | +20% | 9,782 |
| TDI | 16,722 | +44% | +7% | 12,241 |
In the announcement, the company stated that the substantial rise in global chemical raw material prices, combined with changes in supply-demand dynamics in certain regions, drove increases in the company's major product prices and significantly strengthened its profitability.
