22 Mar 2023
UniteChem Group Listed at Shanghai Stock Exchange
- Group’s shares traded at SSE under the 603065.SS ticker number
- IPO to secure funding of major investments in capacity and portfolio expansion
Dusseldorf, Germany, March 22, 2023 – UniteChem Group, the world’s leading supplier of light stabilizers for plastics in a broad range of high-end industrial applications, has been officially listed at the Shanghai Stock Exchange (SSE), one of China’s three major independently operating stock markets. The Group’s public offering will be traded under the 603065.SS ticker number.
The SSE was founded in 1990, with roots reaching back to the Shanghai Share Brokers Association established in 1891. It ranks third in market capitalization and fund raising worldwide, surpassed only by the New York Stock Exchange and NASDAQ.
“We are very pleased and excited about having been listed at the Shanghai Stock Exchange. Our Initial Public Offering was granted ahead of our expectations and gives us a perfect start into the international equity trading community as we continue on our growth journey in these difficult times,” says Junyi Lin, CEO of UniteChem Group. “I would like to thank all our people at UniteChem who have worked hard to make this happen so smoothly. We are now in an excellent position to secure the funding we need for significant expansions of our production capacities, product portfolio and logistics to serve a growing customer base. With this we will further strengthen our ‘3R vision’ of being Reliable, Responsive and Respectful.”
By going public at the SSE, UniteChem is seeking to raise approximately 540 million yuan (80 million US$) in support of its ongoing and future investments at all levels of its plastics additives business. With increasing capacities for intermediates and final products at several major production sites in China as well as an expanding network of sales, service and warehousing facilities throughout Asia, the Middle East, Europe and the Americas, the company generated a turnover of more than 300 million euro in 2022.
The IPO will also help UniteChem ensure the security of supplies to customers and within its own vertical integration. The product portfolio includes a complete range of HALS (hindered amine light stabilizer) products, UV absorbers and anti-oxidants, flame retardants, heat stabilizers and nucleating agents for both commodity and engineering plastics in end markets from automotive, E&E and coatings to agriculture and landscaping, sports, wovens and fibers.
Notes for editors
UniteChem Group, with global headquarters in Suqian City, Jiangsu (China), is the world’s #1 supplier of high-performance light stabilizers for plastics in a wide range of demanding industrial applications. As one of China’s largest specialty chemicals companies, the Group has diversified activities in R&D, application development, production, sales, trading and machine manufacturing. It specializes in the production of light stabilizers, UV absorbers and other related products.
With a workforce of about 2,000 employees worldwide, UniteChem generates a turnover of approximately EUR 300 million and supports its growing customer base through several production plants in China and a strong network of sales, service and warehousing facilities throughout Asia, the Middle East, Europe and the Americas. Its operations are fully certified to ISO 9001, ISO 14001, ISO 45001 and OSHAS 18001. In 2020, the Group also succeeded in passing a strict Together for Sustainability (TfS) audit, a de facto global standard for environmental, social and governance performance of chemical supply chains based on the UN’s Global Compact and Responsible Care® principles.
Learn more at www.unitechem.eu.
Global Strategy Director, Suqian UniteChem Co. Ltd., & UniteChem GmbH