Neway signed a strategic cooperation agreement with Wanhua-Borsod (Hungary)
On September 24, 2019, Budapest, BorsodChem and Neway Valve signed a strategic cooperation agreement in Kazinzbau, Hungary.
BorsodChem is Europe's leading producer of MDI, TDI, PVC resins, basic chemicals (including chlor-alkali) and specialty chemicals, and is widely used in polyurethane (PU / PUR), PVC and other chemical industries. At present, Wanhua holds a 100% stake in BorsodChem.
The signing of this strategic agreement laid a good foundation for the follow-up cooperation of Wanhua in Europe to invest in chemical projects. It is the second overseas strategic cooperation agreement signed by the two parties after the Wanhua US cooperation agreement. Another milestone in China's journey to the world.
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