Wanhua-BorsodChem is a Hungarian chemical raw material manufacturing company headquartered in Kazincbarcika, Hungary.
The establishment of the Borsodi Vegyi Kombinát (BVK) the predecessor of Wanhua-BorsodChem, was decided at the end of 1949, based on the Borsod coal, the water of the Sajó, the proximity of the road and the railway.
They switched to the production of natural gas-based synthesis gas, and in parallel, coke-based operations were discontinued.
They merged with the Berente Chemical Works and launched the Olefin I program, under which the production of thermoplastic polyvinyl chloride (PVC) began for the first time in the country.
On 1 August 1991, as the legal successor to the 1949-founded Borsodi Vegyi Kombinát, the company BorsodChem was officially established.
[5][6] In 2006, the majority ownership of the company was acquired by Permira Venture Capital Fund, which delisted the shares from the stock exchange in the following year.
[8] At the end of 2018, Wanhua – BorsodChem decided to invest in brownfields and had begun to build an aniline factory.
[9] In January 2019, BorsodChem made a contract with Swiss Casale SA for the supply of a new nitric acid plant to be added to the Hungarian, Kazincbarcika factory, which was identical to the unit already located on the site and had been operating since 2012.
[3] Its location in Berente, a village annexed to Kazincbarcika in 1954, caused several residents resenting the fact that they receive only a small part of the local taxes the factory pays.