What BorsodChem Zrt. does

BorsodChem Zrt. is a Hungarian-domiciled, privately held chemical manufacturer headquartered in Kazincbarcika and operating as the European hub of China's Wanhua Chemical Group, which acquired full control in 2011. Founded in 1949 (formally established as the Borsod Chemical Complex in 1954), the company runs a fully integrated chlor-alkali, isocyanate and PVC production platform built around its own power plant, a Czech subsidiary (BorsodChem MCHZ, s.r.o., ~400 employees in Ostrava) and wholly-owned service subsidiaries covering formalin, energy trading, and facility operations. Its core products are MDI and TDI for polyurethanes, PVC powder, polyols and thermoplastic polyurethanes (TPU, including an ISCC-PLUS-certified bio-based grade), plus chlor-alkali outputs from membrane-cell electrolysis.

The business model is B2B direct sales of industrial chemical intermediates to manufacturers in the construction, automotive, furniture/bedding, footwear, household-appliance and increasingly energy-storage sectors. Distribution runs through owned sales subsidiaries and offices in Italy, Russia, Brazil, Hungary (Budapest), Croatia (Zagreb) and Turkey (Istanbul). Pricing is quotation-based and not publicly disclosed. A structural reformulation program — replacing mercury cathode electrolysis, commissioning a new power plant (2023), launching bio-based TPU (2022) and starting a new aniline unit (2023) — has repositioned BorsodChem into a mercury-free, EU-REACH compliant producer competitive in domestic and export markets across Europe, the Americas, Africa, the Middle East and Asia-Pacific.

Management is led by CEO Kruppa László, with Patrick Lu Hongjie chairing the Board and Varga Béla overseeing HR and communications. Major recent strategy includes construction of a pioneering 30,000 tonnes/year LFP (lithium-iron-phosphate) cathode material plant at Kazincbarcika, with trial production expected end of 2026, plus partnerships with ABB (power infrastructure), eChemicles (CO2-to-CO electrolysis), and Hungarian universities for R&D and workforce development. Revenue is not publicly disclosed.

Name

BorsodChem Zrt.

Legal name

BorsodChem Zrt.

Website

https://borsodchem.com

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

101–250 employees

Short description

BorsodChem Zrt. is a Hungarian chemical manufacturer (Kazincbarcika) and European hub of Wanhua Chemical Group, producing MDI, TDI, PVC, chlor-alkali, polyols, and bio-based TPU for construction, automotive, furniture, footwear and energy-storage customers.

Ownership category

akta.pro rank

Product category

Specialty and commodity chemicals (polyurethane raw materials, PVC, chlor-alkali)

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Petrochemical Manufacturing (32511), Custom Compounding of Purchased Resins (325991)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Industrial Organic Chemicals (2860), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Polyurethanes (MDI/TDI, Polyols, PU Systems) (IMAEADAH)

akta.pro secondary industries

PVC & Chlor-Vinyl Chain (Chlor-Alkali, EDC/VCM, PVC) (IMAEADAF), PVC & Chlorinated Polymers (IMAEANAB)

Keywords

• Polyurethane raw materials
• Isocyanate production
• PVC manufacturing
• Chlor-alkali chemicals
• Cathode materials

Headquarters

HQ city

Kazincbarcika

HQ country

Hungary

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Chemical product manufacturing and sales: BorsodChem generates revenue by manufacturing and selling chemical products including MDI, TDI, PVC, chlor-alkali products, polyols, and specialty chemicals. Products serve construction, automotive, furniture, and footwear industries across European and global markets.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels9 records

Core offering

BorsodChem Zrt. manufactures and sells polyurethane precursors (MDI, TDI, polyols), PVC, chlor-alkali products, thermoplastic polyurethane (TPU, including a bio-based ISCC PLUS-certified grade), formalin, and intermediates for industrial customers in construction, automotive, furniture, footwear, appliance, and energy storage/battery sectors. It is also building a pioneering European LFP (lithium-iron-phosphate) cathode material production plant in Kazincbarcika.

Product overview

BorsodChem Zrt. operates as a multi-product chemical manufacturing company producing a comprehensive portfolio of polyurethane precursors (MDI, TDI, polyols), PVC, chlor-alkali products, and specialty chemicals. The company is structured with MDI, TDI, and MDI specialties serving the polyurethane industry; PVC and chlor-alkali products serving construction and chemical processing sectors; polyols and TPU (including bio-based) for flexible and rigid foam applications; and formalin through its BC-KC Formalin Kft. subsidiary. The company is expanding into lithium-ion battery materials with an LFP cathode production plant. BorsodChem positions itself as a leading European manufacturer of MDI, TDI, and PVC powders under the Wanhua Chemical Group.

Differentiator

Problem solved

Functional benefit

Products and services

• MDI (Methylene Diphenyl Diisocyanate) A core isocyanate used as a polyurethane precursor for rigid and flexible foams, sold to industrial manufacturers in construction, automotive, furniture and appliance sectors.
• TDI (Toluene Diisocyanate) A core isocyanate used in flexible polyurethane foam production, primarily serving furniture, bedding and automotive seating manufacturers.
• PVC (Polyvinyl Chloride) PVC powder sold to manufacturers of construction products, pipes, profiles and other plastic applications across European and global markets.
• Chlor-Alkali Products Chlorine and downstream alkaline products produced via membrane cell electrolysis, sold to industrial customers in chemical processing and related sectors.
• Polyol Polyols sold as key raw materials combined with isocyanates to produce polyurethanes for foam and other applications.
• TPU (Thermoplastic Polyurethane) including Bio-based TPU Thermoplastic polyurethane, including a bio-based ISCC PLUS-certified grade, supplied for sustainable industrial applications across multiple sectors.
• Formalin Formaldehyde solution (formalin) produced and sold by BorsodChem's BC-KC Formalin Kft. subsidiary as a key intermediate for downstream chemical synthesis.
• LFP (Lithium-Iron-Phosphate) Cathode Material LFP cathode raw material for lithium-ion batteries used in energy storage systems and electric vehicles, produced at a new European-scale plant at the Kazincbarcika site.
• MDI Specialties and Polyurethane Systems Specialized MDI formulations and polyurethane systems tailored for specific customer applications, extending the company's MDI offering beyond standard grades.

Quantifiable outcome

• 95.7% score on Responsible Care audit examining ~250 criteria
• +3 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered major, flagship and core.

• ABBmajorTechnology or Integration · 31 March 2026ABB completed full-scale reconstruction of power distribution infrastructure at BorsodChem MCHZ's Ostrava chemical plant, installing 123 UniGear ZS1 switchgear panels, upgrading 45 existing switchboards, and implementing advanced safety systems including REA arc flash protection and Ultra-Fast Earthing Switch technology. Project completed without interrupting production at facility employing nearly 400 people.
• eChemiclesflagshipStrategic or Co-development PartnerJoint project to convert CO2 (produced in BorsodChem's manufacturing process) into valuable chemical raw material using eChemicles' patented low-temperature electrolysis technology. BorsodChem provides industrial environment to test and scale the technology for converting carbon dioxide to carbon monoxide for use in plastics manufacturing.
• Miskolci Egyetem (University of Miskolc)coreStrategic or Co-development PartnerLead academic partner in 5-member consortium (including Magyar Fejlesztési Intézet Nonprofit Zrt., Bay Zoltán Alkalmazott Kutatási Közhasznú Nonprofit Kft., and VGSZ Vegyipari Gépgyártó Kft.) for R&D project on chlorate catalytic removal technology. Part of GINOP-2.2.1-15-2016-00005 project worth 3.16 billion HUF.
• Kazincbarcika Város Önkormányzata (Kazincbarcika City Municipality)majorStrategic or Co-development PartnerCollaboration on LIFE-CLIMCOOP climate adaptation project with 2.9 million EUR budget, creating joint climate strategy, establishing climate platform, implementing rainwater management, green infrastructure development, and creating prototype water treatment equipment.
• Miskolci Egyetem (University of Miskolc)coreStrategic or Co-development PartnerLead coordinator of LIFE-CLIMCOOP project (first fully Hungarian LIFE consortium) with 2.9 million EUR budget focused on climate adaptation cooperation between municipality and company.
• Aggteleki Nemzeti Park Igazgatóság (Aggtelek National Park Directorate)majorStrategic or Co-development PartnerCollaboration on Sóstó wetland habitat restoration project, converting former industrial brine storage area into biodiversity-supporting wetland habitat covering 258,000 m² with over 100 bird species observed.
• Miskolci Szakképzési Centrum (Miskolc Vocational Training Center)coreStrategic or Co-development PartnerStrategic cooperation agreement signed in March 2024 for workforce development and education support, including establishment of chemical technician classes at Kós Károly Construction and Andrássy Gyula Engineering Technical Schools.
• Debreceni Egyetem (University of Debrecen)coreStrategic or Co-development PartnerDE-BC Vegyipari Kihelyezett Tanszék (University-Industry Cooperation Center) established in July 2018, providing lectures, factory visits, internships, thesis topics, and professional education for chemistry, chemical engineering students.
• Irinyi Református Oktatási Központ (Irinyi Reformed Education Center)coreStrategic or Co-development PartnerCooperation agreement since March 2018 for supporting chemical vocational training with combined and mid-year laboratory practical training, scholarships for high-achieving students, factory visits, and laboratory infrastructure development.

Scale indicators10 records

Recent moves17 records

Expansion highlights5 records

Broad incumbents

• BASF SE: Global chemical giant producing MDI, TDI, polyurethanes, and PVC across multiple sites in Europe. Competes with BorsodChem across polyurethanes and offers broader chemicals portfolio including performance products and agricultural solutions.
• Evonik Industries AG: German specialty chemicals company producing polyurethanes additives and intermediates. Competes with BorsodChem in specialty polyurethanes and serves overlapping automotive and construction customers.
• Dow Chemical Company: Major global polyurethanes and chemicals producer with European operations. Competes with BorsodChem in polyurethanes raw materials and broader industrial chemicals.

Direct peers

• Olin Corporation: Major chlor-alkali producer globally with significant chlorine and caustic soda capacity. Competes with BorsodChem in chlor-alkali products, particularly for European exports.
• Wanhua Chemical Group: Parent company and world's largest MDI producer. Operates similar chemical manufacturing portfolio globally and serves as the benchmark for BorsodChem's technology and product strategy.
• INEOS Inovyn: Leading European PVC and chlor-alkali producer. Direct competitor in PVC and chlorine products across European construction and industrial markets.
• Westlake Corporation: Major PVC and chlor-alkali producer with European operations (including Vestolit acquired from Orbia). Direct competitor in PVC and chlor-alkali markets where BorsodChem holds significant positions.
• Huntsman Corporation: Global polyurethanes and performance products manufacturer with significant MDI/TDI capacity in Europe. Direct competitor in polyurethanes serving automotive, construction, and furniture sectors.
• Covestro AG: Major European MDI and TDI producer serving construction, automotive, and furniture industries. Direct competitor to BorsodChem in the European polyurethanes market with similar end-market exposure and product portfolio.

Emerging players

• Umicore SA: European leader in battery cathode materials including emerging LFP capabilities. Competes with BorsodChem's LFP plant expansion in European battery materials market for EV and energy storage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC8DnOZFMF0uJO2gvaGDlsaw
• Facebookfacebook.com/borsodchem
• LinkedInhu.linkedin.com/company/borsodchem
• Instagraminstagram.com/borsodchem

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries11 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BorsodChem Zrt.