Q3 financial report of Tantai Wanhua shows, although there are still
inventories valuing Rmb 1.53 bn, achievements this year will go
beyond expectation. Gross profit reached the highest of recent years.
PMDI increased by
11.51% compared to last year and by 2.65% increased by previous month
while that of MMDI increased by 10.32% and 3.32% respectively. Q3
revenue reached Rmb 4.26 bn, increased by 17.3% compared to last year
and 9.8% to previous month. That is to say, MDI takes up 75% of total
revenue and 80% of total profit.
By end of 2014, MDI
capacity in Yantai Bajiao industrial park will reach 600 ktpa and
overall capacity will added up to 1800 ktpa.