Wanhua Chemical Signs Joint Venture Agreement with Kuwait Petrochemical Industry Company.

On April 25th, at the headquarters of Wanhua Chemical Group in Yantai City, Shandong Province, Wanhua Chemical Group Co., Ltd. and Kuwait Petrochemical Industries Company officially signed a joint venture agreement. PIC invested $638 million to subscribe for a 25% stake in Wanhua Chemical's wholly-owned subsidiary Wanhua Chemical Petrochemical Co., Ltd.