Wanka New Materials Co., Ltd. (hereinafter referred to as “Wanka”) was established in 2008 and is a high-tech enterprise specializing in the research, development, production, and sales of polyester materials. Headquartered in Haining, Jiaxing, Zhejiang Province, Wanka is a leading domestic supplier of polyester materials. The company is committed to providing healthy, safe, environmentally friendly, and high-quality polyester materials for society. Its main products include bottle-grade PET and bright PET.

Wanka currently has an annual production capacity of 3 million tons of bottle-grade PET, with 1.2 million tons in the Haining base and 1.8 million tons in the Chongqing base. By adopting a dual-base layout, Wanka covers both the East China and Western markets, meeting the regional dispersion of downstream demand. In December 2023, Wanka announced the construction of a 300,000-ton bottle-grade PET production base in Nigeria, Africa, becoming the first domestic company to proactively lay out overseas projects. Additionally, Wanka is building a monoethylene glycol (MEG) project in Dazhou, Sichuan, with an initial capacity of 600,000 tons expected to come online in 2024.

Wanka is one of the four major domestic bottle flake producers. As of the end of 2023, its domestic market share in bottle-grade PET production capacity reached 18%. The company’s products are sold in over a hundred countries and regions worldwide, making it one of the leading enterprises in the bottle-grade PET industry. Wanka enjoys significant scale advantages and cost control capabilities within the industry, with its bottle-grade PET business gross margin ranking high among industry leaders.

Adhering to the philosophy of “technology-driven innovation and green development,” Wanka focuses on technological innovation and product development. The company has introduced advanced global production equipment and process technologies and leverages cloud computing and the Internet of Things to optimize the operational efficiency of production facilities. Additionally, Wanka enhances its technological innovation capabilities through industry–academia–research cooperation and has obtained multiple invention patents and utility model patents.

Wanka’s vision is to become the “global leader in bottle-grade PET.” Its development strategy revolves around three core themes: optimizing the industrial chain, expanding overseas markets, and driving innovation through research and development. By perfecting the upstream monoethylene glycol raw material layout, increasing R&D investment in the polyester field, actively developing new products, and gradually advancing its international business strategy, Wanka is making significant strides. In 2023, the company established a subsidiary in Singapore and invested in the construction of a production base in Africa, marking an accelerated pace in its international layout.