The history of BorsodChem began many decades ago when its legal predecessor was founded in 1949 in Kazincbarcika. The Company merged with two other companies in 1954 and took the name “Borsodi Vegyi Kombinát”. In the early years, our Company’s product portfolio consisted mostly of fertilizers. By adjusting to the growing needs for plastics, we expanded our portfolio by building Hungary's first PVC Plant. A chlorine and hydrochloric acid plant were also built to provide PVC production with raw materials. Over the years, we have continuously developed our products and technological processes following market expectations.
In the early ’90s, as our MDI Plant was completed, a raw material for polyurethanes appeared in the Company’s product range, while it was transformed into a joint-stock company and became known as BorsodChem. At the same time, fertilizer production was gradually stopped. Ten years later, TDI also emerged as a new element of our product portfolio. In the meantime, to improve our environmental performance, we made several investments and we commissioned our new central Wastewater Treatment Plant. To the effect of the increasingly stricter work safety regulations - in addition to environmental aspects-, we have reached the milestone of our chlorine production by introducing the membrane cell technology.
In 2007, BorsodChem became a private company limited by shares, and from 2009, we started to establish a new organizational structure led by an international management team. In January 2011, the Chinese Wanhua Industrial Group acquired the right of full control over our Company. Thus, the two regional groups of companies merged into one global enterprise. In 2019, Wanhua Chemical Group completed the full integration of BorsodChem Group. Through parallel and continuous investments in China and Europe since the acquisition, the Group has become the world’s leading isocyanate producer.
Our Company executed significant investments in order to increase the production capacities and cost-effectiveness of production as well as reduce specific raw materials and energy consumption required for production.
The BorsodChem story now spans over several generations; the knowledge we have gained in the course of the long journey helps us further shape “the right chemistry” and look ahead with ambitious plans to create excellence through innovation.
In the spirit of Wanhua Chemical parent company’ mission, “Advanced chemistry, transforming lives”, four clear driving forces have supported our growth over the years and we work hard to improve these continuously:
This is what we call “the right chemistry” – an optimal combination of excellent basic ingredients. The resulting solutions do not only unite people and improve the world we live in, but also create a successful, constantly evolving and sustainable business environment.
Our objectives ahead of us are clear and our determination is rock-solid.
The latest chapter of BorsodChem’s story has just begun...
