Shandong Wankai
Shandong Wankai New Materials Co., Ltd. is a wholly-owned subsidiary of Guangdong Jishuo New Materials Co., Ltd. (NEEQ: 874032), established in 2022 to manufacture PETG and specialty polyester materials for packaging, medical devices, consumer electronics, and 3D printing applications, with a 480,000-ton annual capacity project in Heze, Shandong.
- CEO / Founder
- Wang Yong (王勇)
- Team Size
- 11-50
- Stage
- Active
Technology & Products
Key Products
PETG polyester chips (injection grade, extrusion grade); specialty copolyester materials including IPET, PCT, PCTG; functional masterbatches; modified plastics
Technological Advantage
Five-pot low-temperature short-process polymerization technology (high efficiency, good controllability, low energy consumption); uses PTA, NPG/CHDM, and EG as raw materials for direct esterification and polycondensation; 23+ patents in parent company; ISO, TS16949, UL, FDA, REACH certified
Differentiation
Value Proposition
Domestic Chinese manufacturer of high-performance PETG specialty polyester materials, breaking international monopoly (Eastman, SK Chemical) with large-scale production capacity (480,000 tons planned) and competitive pricing for packaging, medical, electronics, and 3D printing filament applications.
How They Differentiate
Massive scale (480,000-ton planned capacity, Phase 1 of 60,000 tons operational since July 2024) enables cost advantages over imports; wholly-owned by a listed NEEQ company (874032) with established R&D and customer base; uses advanced five-pot low-temperature short-process polymerization technology; breaks foreign monopoly on PETG production in China
Market & Competition
Target Customers
3D printing filament manufacturers; injection molding companies (cosmetic packaging, food packaging); medical device manufacturers; consumer electronics enclosure producers; sheet/plate extruders; shrink film producers
Industry Verticals
Packaging (food, cosmetics); Medical devices; Consumer electronics; Aerospace/Defense; Construction; 3D printing/additive manufacturing; Automotive; Lighting
Competitors
Eastman Chemical Company (US); SK Chemical (South Korea); Shenghong Petrochemical Group (盛虹石化); China Resources Materials Co., Ltd. (华润材料)
Growth & Milestones
Major Milestones
2022-03: Company founded; 2024-07: Phase 1 production (60,000 tons/year PETG) successfully launched; 2024: Total investment of 2.5 billion RMB in Shandong Wankai project; Parent company listed on NEEQ (874032) in 2023