Lee & Man Chemical Company

What Lee & Man Chemical Company does

Lee & Man Chemical Company Limited (Hong Kong Stock Exchange: 0746) is a Hong Kong-listed, Cayman-incorporated chemical manufacturer founded in 2006 and operating as a strategic subsidiary of Lee & Man Holding Limited. The company manufactures and sells chlorochemicals, fluorochemicals, polymers, and lithium-ion battery additives from three integrated production and R&D bases located in Changshu (Jiangsu), Ruichang (Jiangxi), and Gaolan Port in Zhuhai (Guangdong), supported by a research institute and an enterprise academician workstation. Its product range spans commodity chlor-alkali inputs (caustic soda, chlorine, hydrogen peroxide, chloromethanes), midstream fluorochemical intermediates (AHF, TFE, HFP), high-performance fluoropolymers (PTFE, FEP, PCTFE), chlorinated polymers (CPVC), and new-energy materials (FEC, CEC, VC, DFEC) used as lithium-ion battery electrolyte additives.

The company runs an enterprise B2B model, selling to industrial clients through direct sales with dedicated hotlines per product category and an export sales channel, and reports 2024 turnover of HKD 3,951 million with 1,900+ staff. Vertically integrated operations let it move chlor-alkali and fluorochemical feedstocks into specialty polymers and battery materials, and recent product milestones include a PCTFE resin zero-to-one breakthrough (March 2025), commissioning of a 10,000 t/a difluoroethane unit (2024), a Vinylene Carbonate plant startup (December 2024), and a third 10,000-ton tetrafluoroethylene monomer unit (December 2023). The firm led the drafting of the CPVC sheet industry standard effective July 2025 and holds High-Tech Enterprise, National Green Factory, and provincial Intelligent Manufacturing Benchmark recognitions across its Jiangsu and Jiangxi operations.

Name

Lee & Man Chemical Company

Legal name

Lee & Man Chemical Company Limited

Website

https://leemanchemical.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Lee & Man Chemical manufactures chlorochemicals, fluorochemicals, fluoropolymers, and lithium-ion battery additives from three integrated Chinese production bases, selling directly to industrial clients and reporting 2024 turnover of HKD 3,951 million.

Ownership category

akta.pro rank

Product category

Industrial Chemicals

NAICS

Chemical Manufacturing (325), Basic Chemical Manufacturing (3251), Other Chemical Product and Preparation Manufacturing (3259), Other Basic Inorganic Chemical Manufacturing (325180)

SIC

Industrial Organic Chemicals (2860), Industrial Inorganic Chemicals (2810), Chemicals & Allied Products (2800), Plastics Products, Nec (3089)

akta.pro primary industry

Chlor-Alkali & Derivatives (IMAEAAAC)

akta.pro secondary industries

PVC & Chlor-Vinyl Chain (Chlor-Alkali, EDC/VCM, PVC) (IMAEADAF), Electronic & High-Purity Specialty Chemicals (IMAEABAD), Water Treatment & Process Specialty Chemicals (IMAEABAN), Inorganic Commodity Chemicals (Acids, Alkalis, Salts) (IMAEAAAA)

Keywords

• Industrial chemical manufacturing
• Chlorochemicals production
• Fluorochemicals production
• Polymer manufacturing
• Lithium battery materials

Headquarters

HQ city

Kowloon City

HQ country

Hong Kong SAR China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Chemical Products Sales: Manufacturing and sale of chlorochemicals, fluorochemicals, polymers, and lithium battery-related products to industrial clients

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Lee & Man Chemical manufactures and sells industrial chemicals across four main product lines: chlorochemicals (chloromethanes, caustic soda, hydrogen peroxide), fluorochemicals (anhydrous hydrogen fluoride, PTFE, FEP, PCTFE), polymers (CPVC), and lithium battery additives (fluoroethylene carbonate, vinylene carbonate, chloroethylene carbonate). The company operates three integrated production and R&D bases in Changshu (Jiangsu), Ruichang (Jiangxi), and Zhuhai (Guangdong), China, supplying industrial clients domestically and internationally.

Differentiator

Problem solved

Functional benefit

Products and services

• Chloromethanes (CMS) Chloromethane products (chloroform, dichloromethane, methyl chloride) supplied to industrial customers for use as solvents and chemical intermediates.
• Caustic Soda (NaOH) Sodium hydroxide produced and sold to industrial buyers for use in chemical manufacturing, pulp and paper, water treatment, and other industrial processes.
• Hydrogen Peroxide Industrial and food-grade hydrogen peroxide supplied to industrial clients for water treatment, disinfection, bleaching, and chemical synthesis applications.
• Polytetrafluoroethylene (PTFE) High-performance fluoropolymer resin used in coatings, seals, gaskets, electrical insulation, and chemical-resistant industrial components.
• Chlorinated Polyvinyl Chloride (CPVC) CPVC resin, compound, sheets, and pipes sold to industrial buyers for hot/cold water piping, industrial fluid handling, and chemical processing applications.
• Fluoroethylene Carbonate (FEC) Lithium-ion battery electrolyte additive supplied to battery manufacturers to improve cycle life and low-temperature performance of lithium-ion cells.
• Vinylene Carbonate (VC) Lithium-ion battery electrolyte additive produced at Zhuhai Lee & Man Materials Science for battery cell manufacturers.
• Perfluoroethylene Propylene (FEP) Resin Melt-processable fluoropolymer used in wire and cable insulation, chemical processing equipment, and high-performance film applications.
• Polychlorotrifluoroethylene (PCTFE) Resin High-performance fluoropolymer resin used for barrier films, cryogenic seals, and chemical-resistant applications requiring low gas permeability.
• Styrene Acrylic Latex Surface Sizing Agent Paper additive supplied to paper manufacturers to improve surface strength, water resistance, and printability of paper products.
• Anhydrous Hydrogen Fluoride (AHF) Fundamental fluorochemical feedstock used as a precursor for refrigerants, fluoropolymers, and other fluorine-based industrial chemicals.
• Chloroethylene Carbonate (CEC) Lithium-ion battery electrolyte additive supplied to battery cell manufacturers to enhance cell performance.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Foshan Huifluoride Polymer Materials Co., Ltd.minorStrategic or Co-development Partner · 1 January 2022Joint establishment of PTFE functional film application R&D base with Foshan Huifluoride Polymer Materials Co., Ltd.

Scale indicators5 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Shenyang Chemical Industry: Chinese chlor-alkali and PVC producer (SZSE 000698) with overlapping caustic soda, chlorine and chlorinated polyethylene exposure to Lee & Man's chlorochemical business.
• Xinjiang Zhongtai Chemical: Large Chinese PVC and chlor-alkali producer (SZSE 002092) with integrated calcium carbide, caustic soda and PVC operations overlapping Lee & Man's chlor-vinyl chain exposure.
• Zhejiang Juhua Co. Major Chinese chlor-alkali and fluorochemical producer (SHA 600160) with comparable portfolio of caustic soda, AHF, refrigerants and fluoropolymers — closest direct competitor in China.
• Tangshan Sanyou Chemical Industries: Vertically integrated Chinese chlor-alkali and PVC producer (SHA 600409) with similar caustic soda, calcium carbide and downstream polymer chain.
• Shandong Dongyue Chemical: Hong Kong-listed Chinese fluorochemicals and chlor-alkali producer (HK 0189) manufacturing refrigerants, PTFE, and downstream fluoropolymers — directly overlaps Lee & Man's chlor-alkali and fluoropolymer portfolio.

Broad incumbents

• Wanhua Chemical Group: One of China's largest diversified chemical manufacturers (SHA 600309), spanning isocyanates, polyurethanes and chlor-alkali — broader incumbent with overlapping chlorochemical and polymer capabilities.
• Arkema: French specialty materials company with a major fluoropolymers and adhesives portfolio — competes with Lee & Man in PVDF/PTFE family and specialty materials.
• Chemours Company: US-listed global fluoroproducts leader producing PTFE, FEP and other fluoropolymers — competes with Lee & Man in international fluoropolymer markets.
• Daikin Industries: Japanese global leader in fluorochemicals, refrigerants and fluoropolymers — major international incumbent overlapping Lee & Man's AHF and fluoropolymer chain.

Emerging players

• Tinci Materials: Chinese specialty electrolyte materials company (SZSE 002709) producing lithium battery electrolyte salts and additives — directly competes with Lee & Man's Zhuhai Li-battery additive business in VC/FEC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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 Lee & Man Chemical Company