To achieve a substantial increase in volume, the annual sales growth target of MDI will be set at 20%.

In the past year, the roller coaster has been tested.

Just when everyone's monopoly on Wanhua MDI in Yantai is no longer favorable, Yantai Wanhua has already focused on the overseas market in 2009.

Beginning in early 2008, it continued to fall, aggregated MDI

The highest fall is more than 50%, pure MDI.

A drop of 37%, resulting in a sharp decline in gross profit margin in the second half of the year, and a decline in profitability.

2008 in the second half of the year, the gross profit margin of Yantai Wanhua pure MDI was 40.3%, but the gross profit margin of aggregated MDI was only 20.7%, down 18% from the same period last year.

According to industry analysis, the main potential area of MDI consumption growth in the future is building external wall insulation, but the market is still in its infancy.

It is estimated that domestic MDI consumption will increase by 5-6% in 2009.

Compared to 1 million 300 thousand tons in Europe and 1 million 200 thousand tons in the United States, Yantai Wanhua currently occupies 3% of the market share overseas, and there is still room for improvement.

After several years of accumulation, Yantai Wanhua sales company in Europe, the United States and Japan has entered the harvest period, and the internationalization of the company is becoming clearer.

At present, the construction of the two phase project in Ningbo is smooth and is scheduled to be completed in the two quarter of 2010. At that time, Yantai Wanhua's MDI capacity will reach 800 thousand tons, becoming the largest MDI producer in China.

In January, it sold MDI2.1 million tons, and sold 2.7 - 28 thousand tons in February. In March, the sales figures will reach 3.7 - 38 thousand tons, and the growth rate will be 35%.