Huafon Chemical
Huafon Chemical Co., Ltd. is a Basic Chemicals brand from China.
Last updated October 12, 2026
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Overview
Huafon Chemical is the listed core entity of Huafon Group, a Chinese new-materials conglomerate founded in 1991 and headquartered in Wenzhou, Zhejiang. The group began as a small plastics factory and grew into a leading global manufacturer of polyurethane products and materials. Huafon Chemical itself was established as Zhejiang Huafon Spandex Co., Ltd., and became the first private enterprise in China to produce polyurethane elastic fiber (spandex). It was listed on the Shenzhen Stock Exchange SME Board, making it Wenzhou's first privately owned domestic listed company and the first spandex company in China to go public. The company later changed its name to Huafon Chemical. Huafon Chemical operates within Huafon Group's broader portfolio, which spans polyurethane materials, polyamide materials, aluminum materials, degradable materials, and bio-based materials. Its product lines include polyester polyols, polyurethane systems, polyurethane resins, spandex filament, microfiber materials, and thermoplastic polyurethane (TPU). The group also produces cyclohexanone, adipic acid, adiponitrile, hexamethylenediamine, and nylon 66 through its polyamide chain, as well as aluminum materials for automotive heat exchange systems and new energy vehicle battery components. Huafon Group has three A-share listed companies, seven national manufacturing single champions, and one global lighthouse factory. Its products are sold in more than 100 countries and regions, and it employs over 20,000 people worldwide. Huafon Chemical benefits from Huafon Group's integrated industrial chain and innovation focus. The group has invested in R&D and digital intelligence, and its Chongqing spandex subsidiary was recognized as a global lighthouse factory, the first in the global chemical fiber industry. The company's mission, "New Materials New Life," reflects its commitment to high-end, digital, low-carbon, and international development. Huafon Chemical continues to expand its product applications in sports and leisure, home and daily use, medical and health, automotive and transportation, clean energy, and the digital economy.
History
Huafon Group, the parent of Huafon Chemical, was founded in 1991 as Ruian Plastic No. 11 Factory, producing polypropylene woven bags. In 1995, the group established Ruian Huafon Polyurethane Industry Co., Ltd., entering the polyurethane field and starting production of polyurethane systems. This marked its entry into the high-polymer materials industry. In 1999, Zhejiang Huafon Spandex Co., Ltd. was established, becoming the first private enterprise in China to produce polyurethane elastic fiber (spandex). In 2002, Huafon Group (Shanghai) Co., Ltd. was founded, the predecessor of Shanghai Huafon Microfiber Materials Co., Ltd., specializing in microfiber materials. In 2003, the Huafon Industrial Park was established in Ruian Economic Development Zone with a total investment of 2.5 billion yuan and an area of 678 mu, marking the beginning of industrial base, integration, and circular development. In 2006, Huafon Spandex (later renamed Huafon Chemical) was listed on the Shenzhen Stock Exchange SME Board, becoming Wenzhou's first privately owned domestic listed company and the first spandex company in China to go public. In the same year, Huafon Group became one of the first companies in China to join the "1+3" initiative and practice Responsible Care. In 2008, Huafon Aluminum Co., Ltd. was established, entering the metal new materials field. In 2010, Huafon implemented the "Westward Plan" by investing in an adipic acid project in Chongqing, starting the large-scale development of the Chongqing base. In 2011, Huafon Microfiber was listed on the Shenzhen Stock Exchange ChiNext Board. In the same year, Shanghai Huafon Materials Technology Research Institute was established. In 2013, Huafon Spandex, as one of the main initiators, was approved to prepare for the establishment of Wenzhou Minsheng Bank, China's first privately operated bank. In 2014, Huafon Group signed an agreement with Tsingshan Holding Group to build a world-class metallurgy-chemical integrated production base in Indonesia. In 2020, Huafon Aluminum was listed on the Shanghai Stock Exchange Main Board, becoming the third A-share listed company under Huafon Group. In the same year, the Wenzhou Huagang LNG storage and peak-shaving center project with a total investment of 10.6 billion yuan started construction, and the Huafon R&D headquarters project with a total investment of 3 billion yuan started construction in Minhang District, Shanghai. Huafon Group also completed the acquisition of DuPont's divested bio-based product business and technology. In 2021, Chongqing Huafon Chemical reached a production capacity of 2 million tons, and Huafon Group Materials Research Institute Co., Ltd. was approved by the State Administration for Market Regulation as the first private research institute legal entity without administrative division. In the same year, Huafon Qingdao Aluminum's 480,000-ton electrolytic aluminum project was fully put into operation. In 2022, Huafon Chongqing Spandex was selected as a global "Lighthouse Factory," the first in the global chemical fiber industry to receive this honor.
- 2022
Huafon Chongqing Spandex was selected as a global "Lighthouse Factory," the first in the global chemical fiber industry to receive this honor.
- 2021
Chongqing Huafon Chemical reached a production capacity of 2 million tons; Huafon Group Materials Research Institute Co., Ltd. was approved as the first private research institute legal entity without administrative division; Huafon Qingdao Aluminum's 480,000-ton electrolytic aluminum project was fully put into operation.
- 2020
Huafon Aluminum was listed on the Shanghai Stock Exchange Main Board, becoming the third A-share listed company under Huafon Group.
- 2020
The Wenzhou Huagang LNG storage and peak-shaving center project with a total investment of 10.6 billion yuan started construction; the Huafon R&D headquarters project with a total investment of 3 billion yuan started construction in Minhang District, Shanghai.
- 2020
Huafon Group completed the acquisition of DuPont's divested bio-based product business and technology.
- 2014
Huafon Group signed an agreement with Tsingshan Holding Group to build a world-class metallurgy-chemical integrated production base in Indonesia.
- 2013
Huafon Spandex, as one of the main initiators, was approved to prepare for the establishment of Wenzhou Minsheng Bank, China's first privately operated bank.
- 2011
Huafon Microfiber was listed on the Shenzhen Stock Exchange ChiNext Board; Shanghai Huafon Materials Technology Research Institute was established.
- 2010
Huafon implemented the "Westward Plan" by investing in an adipic acid project in Chongqing, starting the large-scale development of the Chongqing base.
- 2008
Huafon Aluminum Co., Ltd. was established, entering the metal new materials field.
Products and positioning
Polyurethane materials
Polyester polyols, polyurethane systems, polyurethane resins, spandex filament, microfiber materials, and TPU.
Polyamide materials
Cyclohexanone, adipic acid, adiponitrile, hexamethylenediamine, and nylon 66, based on proprietary adiponitrile technology.
Aluminum materials
High-end aluminum alloy plates, strips, and foils for automotive heat exchange systems and new energy vehicle battery components.
Degradable materials
PBAT and PPC biodegradable resins, forming a complete degradable plastics chain.
Bio-based materials
Commercial-scale non-food bio-based raw materials with low carbon footprint.
Controversies
Sources5 sources
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