December 26, 2024 – Wansheng Shares Tackles Challenges with Strategic Investment in Thailand
Wansheng Shares, a prominent player in China’s flame retardant market, has faced a myriad of challenges in recent years. The interplay of geopolitical conflicts, inflationary pressures in Europe and the US, and capacity expansions has significantly altered the supply-demand dynamics for its flame retardant products. The market competition has intensified, putting pressure on product prices. To make matters worse, certain alkyl phosphate flame retardants have been hit with anti-dumping and countervailing duties in Europe and the US, exacerbating the company’s operational pressures.
In the face of these adversity, Wansheng Shares has chosen not to retreat but to forge ahead with a breakthrough. On December 12th, the company announced a major decision: it plans to invest in a new production base in Thailand with an annual capacity of 32,000 tons of phosphate flame retardants. The total investment for this project amounts to a substantial 216 million yuan (approximately 30 million USD), highlighting Wansheng Shares’ ambition and determination.
According to insights from the Color Masterbatch Industry Network, the investment will primarily be used to acquire land, construct new facilities, and procure advanced production equipment in Thailand. Through these initiatives, Wansheng Shares aims to enhance its production capacity and efficiency, providing a more stable and reliable supply of products to the international market. Notably, this overseas investment does not constitute a related-party transaction or a significant asset reorganization, and all funds are sourced from the company’s own or self-raised capital.
As one of the leading enterprises in the global phosphorus-based flame retardant sector, Wansheng Shares has been dedicated to the research, production, and sales of functional fine chemicals for nearly three decades. The company has developed a well-coordinated multi-business segment structure, with a product line that encompasses not only phosphorus-based flame retardants but also amine additives, catalysts, coating additives, and more, widely used across multiple industries. The investment in a new production base in Thailand marks a significant step in Wansheng Shares’ globalization strategy and signifies a new breakthrough in the company’s overseas expansion endeavors.