Air Liquide is investing nearly 60 million euros to establish a long-term partnership with Wanhua Chemical Group to supply industrial and medical gases within Yantai, China.
Information on the Target
Wanhua Chemical Group is a globally recognized leader in innovative chemical products, renowned for its strong presence in China and its expanding international footprint. Based in Yantai, Shandong province, Wanhua is engaged in the development, production, and marketing of a variety of chemical products that cater to multiple industries.
This partnership marks a significant milestone for Air Liquide as it embarks on a long-term contract to supply industrial and medical gases, thereby strengthening its relationship with Wanhua and enhancing operational capabilities within the region.
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Industry Overview in China
China's chemical industry is one of the largest in the world, driven by rapid industrialization and urbanization. With a myriad of applicatio
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Air Liquide
invested in
Wanhua Chemical Group
in 2024
in a Strategic Partnership deal
Disclosed details
Transaction Size: $65M