Huafon Group

What Huafon Group does

Huafon Group (founded 1991, Rui'an, China) is a privately-held, family-controlled Chinese new materials conglomerate operating across five business segments: polyurethane materials, polyamide materials, aluminum materials, degradable materials, and bio-based materials. Its portfolio spans upstream intermediates (adipic acid, adiponitrile, cyclohexanone, hexanediamine) to finished products (spandex, TPU, PU resin, microfiber synthetic leather, nylon 66, aluminum heat exchange materials). The group operates three publicly listed subsidiaries — Huafon Chemical (002064), Huafon Microfiber (300180), and Huafon Aluminum (601702) — alongside non-listed divisions in LNG storage, logistics, trade, and industrial digitalization. It is the world's largest producer of adipic acid (1.355M tons/year, 32% global share) and polyurethane system (520,000 tons/year), China's #1 / global #2 spandex producer (325,000 tons/year), and holds global #1 market position in 11 product categories. Key proprietary technologies include self-developed adiponitrile production (first in China, breaking foreign monopoly), green low-carbon adipic acid process (96%+ carbon utilization, 99% N₂O decomposition), bio-based PTT/PTMEG via the 2022 DuPont bio-based acquisition, and CTB water-cooled plates for EV battery thermal management.

The company serves industrial customers across automotive (Mercedes-Benz, BMW, Tesla, Denso, MAHLE, Hanon Systems, Great Wall Motors, Sanhua), textiles (Qianxi® spandex, AUMIRA®/TOCCARE®/Antelope® microfiber), footwear (Jufeng®, Linxfon®), construction, clean energy, and healthcare/medical segments, exporting to 100+ countries through direct sales teams, regional offices, and overseas production/sales bases in Pakistan, Turkey, Netherlands, Vietnam, Indonesia, and the United States. Revenue is generated via B2B direct sales with quote-based pricing and multi-year supply agreements to industrial customers. Recent strategic moves include an Eastman Naia™ cellulose acetate JV (2025), commercial operation of Wenzhou Huagang LNG terminal (Oct 2025), full operation of the 480,000-ton Indonesia aluminum JV with Tsingshan (end-2024), groundbreaking of a 450,000-ton NEV aluminum project (Apr 2025) with hot rolling commissioning in Jun 2026, and WEF Lighthouse Factory recognition for Huafon Chongqing Spandex in 2026. With 20,000+ employees, 848 patents, 2,600+ R&D personnel, and the first non-regional private research institute in China (inaugurated May 2026), Huafon positions itself as a vertically integrated leader in China's import-substitution push for advanced chemical materials.

Name

Huafon Group

Legal name

华峰集团有限公司

Website

https://huafeng.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Huafon Group is a privately-held Chinese chemical conglomerate producing polyurethane, polyamide, aluminum, degradable, and bio-based materials for automotive, textile, footwear, and industrial customers globally. It is the world's largest producer of adipic acid and polyurethane systems, exporting to 100+ countries.

Ownership category

akta.pro rank

Product category

Chemical New Materials / Specialty Chemicals

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Plastics Material and Resin Manufacturing (325211), Petrochemical Manufacturing (32511), Artificial and Synthetic Fibers and Filaments Manufacturing (325220), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Industrial Organic Chemicals (2860), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820)

akta.pro primary industry

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

akta.pro secondary industries

Bio-based & Biodegradable Polymer Resin Manufacturing (PLA, PHA, PBS, PBAT) (IMANANAA), Bio-based Polymers & Resins (PLA, PHA, bio-PE, bio-PET, cellulose acetate) (IMAMALAC)

Keywords

• Polyurethane materials
• Polyamide materials
• Aluminum heat exchange
• Biodegradable resins
• Bio-based chemicals

Headquarters

HQ city

Ruian

HQ country

China

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Chemical Materials Manufacturing: Huafon Group generates primary revenue from manufacturing and selling chemical new materials including polyurethane products (spandex, TPU, PU resin), polyamide products (nylon 66, adipic acid, adiponitrile, hexanediamine, cyclohexanone), aluminum heat exchange materials, degradable materials (PBAT, PPC), and bio-based materials. Revenue comes from direct sales to industrial customers in automotive, textile, construction, and other sectors.
2. LNG Terminal and Trading: Huafon Group operates LNG storage and transportation peak shaving business through Wenzhou Huagang LNG project. Phase 1 has annual throughput of 3 million tons with expected annual revenue of 10 billion RMB. Full project completion will reach 10 million tons annual throughput with 30 billion RMB annual revenue.
3. Logistics Services: Huafon Logistics provides comprehensive logistics services including international logistics, multimodal transportation, road transportation, chemical warehousing and distribution. The company operates 5 logistics entities with 100+ self-operated vehicles, 4 wharves, 5 special railway lines for hazardous chemicals, and 23 river vessels.
4. Trade Operations: Huafon Trade operates as an industrial operator and resource investor, focusing on chemical sector with vertical integration of supply chain, global trade operations, and strategic resource investments in mining and metallurgy assets.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Huafon Group manufactures and sells chemical new materials across five segments: polyurethane materials (spandex, TPU, PU resin, PU system, polyester polyol), polyamide materials (adipic acid, adiponitrile, hexamethylenediamine, nylon 66, cyclohexanone), aluminum heat exchange materials, biodegradable resins (PBAT, PPC), and bio-based materials (Sorona PTT, bio-PDO, bio-PTMEG). The company operates as a vertically integrated chemical conglomerate with production capacities of 325,000 tons/year spandex, 1.355 million tons/year adipic acid, 350,000 tons/year TPU, 520,000 tons/year polyurethane original liquid, and 100+ million meters/year microfiber. Products are sold to industrial customers in automotive, textile, construction, healthcare, and consumer goods sectors across 100+ countries.

Product overview

Huafon Group is a leading international new materials enterprise with a diversified portfolio organized into five major business segments: Polyurethane Materials (聚氨酯材料), Polyamide Materials (聚酰胺材料), Aluminum Materials (铝材料), Degradable Materials (可降解材料), and Bio-Based Materials (生物基材料). The company operates as a vertically integrated chemical conglomerate producing both intermediate materials (adipic acid, adiponitrile, cyclohexanone) and finished products (spandex, microfiber leather, TPU, nylon 66, aluminum materials). Key products include 千禧® spandex (global #2, China #1 with 325,000 tons/year), 超纤 microfiber materials (100 million+ meters/year), 己二酸 adipic acid (1.355 million tons/year, global leader), 己二腈 adiponitrile (first domestic production breaking foreign monopoly), and 铝热传输 aluminum heat exchange materials (serving Mercedes-Benz, BMW, Tesla). Recent innovations include Linxfon® transparent polyurethane shoe materials, AUMIRA® premium microfiber leather, CTB water-cooled plates for EV batteries, and bio-based Sorona® PTT products. The company also operates logistics (华峰物流), LNG storage (温州华港), and digital intelligence services (华峰智链, 赛孚唯, 控客). Huafon's publicly listed subsidiaries include Huafon Chemistry (002064), Huafon Microfiber (300180), and Huafon Aluminum (601702).

Differentiator

Problem solved

Functional benefit

Brands

• 千禧 (Qianxi): Spandex brand under Huafon Chemical, covering 10D-2500D full range specifications for various weaving applications
• 聚峰 (Jufeng)
• PERNNOVA
• Pernnova
• Aumira
• TOCCARE
• Antelope
• reGen (瑞芝锦)
• huafon TPU
• Linxfon
• FREEMOUNT
• SORONA
• CovationBio
• Zemea
• Susterra
• CTB Water-Cooled Plate
• Huafon Aluminum

Products and services

• Qianxi Spandex (氨纶长丝)

Quantifiable outcome

• Adipic acid carbon utilization rate exceeds 96%, nitrous oxide decomposition rate reaches 99%
• +5 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Qiaodan Sports (中乔体育)coreStrategic or Co-development Partner · 16 January 2026Strategic cooperation agreement signed to jointly explore high-performance, sustainable marathon running shoe solutions. Both parties will engage in deep collaboration with R&D teams conducting frequent exchanges to create innovative products meeting market demands.
• Primient Covation, LLCminorOthers · 15 January 2026Primient agreed to purchase the remaining ownership interest in Primient Covation, LLC from Huafon Group, becoming sole owner. Primient Covation operates in Loudon, Tennessee producing bio-based renewable solutions including Bio-PDO under Zemea® and Susterra® brands. Transaction expected to close Q1 2026.
• Ningbo Zhoushan Port Group (宁波舟山港)coreStrategic or Co-development Partner · 16 December 2025Strategic cooperation agreement signed focusing on customized door-to-door transportation network construction. Partnership aims to reduce cross-border logistics costs through 'warehouse-port linkage and feeder line connectivity' model innovation. Zhoushan Port will provide supply chain solutions supporting Huafon's global business expansion.
• National and Provincial Industry AuthoritiescoreOthers · 9 September 2025Three major national recognitions: Chongqing Huafon Chemical and Huafon Chongqing Spandex named to '2025 Excellence-Level Smart Factory' public list; Chongqing Huafon Chemical '5G Full Connection Factory Project' entered '2025 5G Factory' directory.
• Wenzhou University (温州大学)coreStrategic or Co-development Partner · 4 September 2025Joint research and talent development partnership. Huafon has established '华峰品德奖' award at Wenzhou University for 13 consecutive years, donated 20 million RMB total to support education. Partnership also includes joint academic conferences and industry-academia collaboration.
• Eastman Chemical Company (伊士曼)coreStrategic or Co-development Partner · 1 September 2025Strategic partnership to establish a joint production facility in China for cellulose acetate yarn manufacturing. This is the first time Naia™ acetate cellulose filament fiber will be manufactured in China, improving supply chain for the Chinese market. The joint venture will serve the Chinese sustainable apparel market with first production expected Q4 2025.
• Eastman Chemical Company (伊士曼)coreStrategic or Co-development Partner · 13 August 2025Formal strategic cooperation agreement signed to establish joint venture producing and developing Naia™ acetate cellulose filament fiber. This marks first domestic manufacturing of Naia™ fiber in China, improving supply chain for China and Asia-Pacific markets. First production expected Q4 2025.
• CNOOC Shell (中海壳牌)coreStrategic or Co-development Partner · 13 June 2025Strategic partnership established with joint 'High-End Petrochemical Materials Joint Technology Laboratory'. Focuses on R&D in high-performance polyolefins, polyurethane materials, and low-carbon processes. Combines CNOOC Shell's ethylene chain technical advantages with Huafon's experience in polyurethane new materials industrialization.
• Chongqing Logistics Group (重庆物流集团)coreStrategic or Co-development Partner · 13 February 2025Strategic cooperation agreement signed to enhance logistics collaboration. Both parties will work together to improve supply chain efficiency and support regional economic development.
• DuPontcoreOthers · 1 January 2022Completed acquisition of DuPont's bio-based technology and business in 2022. Established bio-based product manufacturing facilities in the United States. This acquisition extended Huafon's green low-carbon circular industry system and accelerated brand internationalization.
• Tsingshan Holding Group (青山控股集团)coreStrategic or Co-development Partner · 1 January 2018'Going overseas together' strategic cooperation started in 2018. Jointly built Indonesia Metallurgical Chemical Circular Economy Industrial Park. By end of 2024, Huaqing Aluminum Indonesia's 480,000 ton electrolytic aluminum project fully operational. Partnership represents key international expansion model.

Scale indicators20 records

Recent moves14 records

Expansion highlights5 records

Direct peers

• Covestro: Global polyurethane and MDI/TDI specialist (formerly Bayer MaterialScience). Direct competitor to Huafon's polyurethane original liquid and polyols business; comparable in product mix though larger in MDI/TDI monomers.
• Eastman Chemical: Active strategic partner (Naia™ cellulose acetate JV) and US-based specialty chemicals/materials producer. Comparable in cellulose acetate fibers and sustainable materials strategy.
• Wanhua Chemical: China's leading polyurethane and MDI/TDI producer with full isocyanate and polyols capacity. Directly comparable to Huafon's polyurethane materials segment and competes across the broader new materials value chain.
• Toray Industries: Japanese leader in synthetic fibers, including spandex and nylon, plus advanced materials. Comparable to Huafon's spandex and microfiber materials business and adjacent in bio-based fibers.
• Asahi Kasei: Japanese diversified materials company with nylon 66, engineering plastics, and specialty chemicals. Comparable to Huafon in polyamide materials and high-performance plastics for automotive and electronics.
• INVISTA: Global leader in nylon 66 intermediates (adiponitrile, adipic acid, hexamethylenediamine) — the value chain Huafon has now localized. The foreign incumbent Huafon's domestic ADN technology broke the monopoly of.

Broad incumbents

• Sinopec: China's largest petrochemical conglomerate with deep upstream and downstream chemicals exposure. Comparable in adipic acid, polyamide intermediates, and broader petrochemical value chain positioning.
• LG Chem: Korean chemical conglomerate spanning polyurethanes, engineering plastics, and battery materials. Comparable in automotive materials and EV battery value chain adjacent to Huafon's aluminum thermal management business.
• DuPont: Former owner of Huafon's bio-based business and broader specialty chemicals competitor. Comparable in advanced materials, nylon, and bio-based polymer platforms; relevant as a partial incumbent reference.
• BASF: Global chemical incumbent spanning polyurethanes, polyamides, coatings, and engineering plastics. Overlaps with Huafon's polyurethane resin, nylon 66, and bio-based platforms but at vastly larger and more diversified scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance23 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries24 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments4 records

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

Frequently asked questions about Huafon Group