Jinan Acetate Chemical

What Jinan Acetate Chemical does

Jinan Acetate Chemical Co., Ltd. (济南大自然新材料股份有限公司) is a China-based, Taiwan-listed specialty chemicals manufacturer founded in October 1999 and headquartered in Jinan, Shandong Province. The company produces cellulose acetate-based products for global cigarette filter and filtration applications, operating through a vertically integrated group structure of five wholly-owned subsidiaries spanning the full value chain from acetic anhydride (Mengxuan New Materials) to diacetate cellulose (Zhongfeng Chemical / Acetek Material) to finished acetate fiber tow and filaments (Jinan Acetate Chemical main entity), with adjacent capacity in pulp manufacturing (Acetate Shandong Environmental Fiber) and high-performance fibers (Acetek Aspiration). Core products include diacetate fiber tow, spinning-grade and plastic-grade diacetate cellulose, acetate fiber pellets, and acetic anhydride, plus the MorAya (森绫) brand of green environmental protection fibers and materials.

The company's go-to-market is a direct B2B sales model targeting cigarette manufacturers and filter product companies globally, with products sold to more than 60 countries and regions and the main entity's products reaching over 40 countries. Revenue is generated through hardware sales of chemical products under quote-based B2B pricing, supplemented by joint product development and process improvement collaboration with key customers to build long-term partnerships. Marketing is executed through direct sales relationships and international tobacco industry exhibitions (Surabaya, Sofia, Dubai), while investor relations are maintained as a TWSE-listed entity since December 2015. Customer base is concentrated in the global tobacco industry, with diversification initiatives underway into environmental fibers and high-performance specialty fibers across 31 Chinese provinces.

The company holds proprietary intellectual property for diacetate fiber tow production technology and has earned National High-tech Enterprise and Shandong Provincial Specialized SME certifications, along with ISO quality and environmental management certifications. The group employs 313+ people and reports multi-year revenue growth from approximately TWD 4.27 billion in 2022 to a 2024 peak of TWD 15.71 billion, followed by moderation to TWD 13.23 billion in 2025. The ownership structure indicates family/management control with no disclosed external parent or private equity backing.

Name

Jinan Acetate Chemical

Legal name

济南大自然新材料股份有限公司

Website

https://acetek.com.cn

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

251–500 employees

Short description

Jinan Acetate Chemical is a Taiwan-listed, China-based specialty chemicals manufacturer producing cellulose acetate tow, diacetate cellulose, and acetic anhydride through five vertically integrated subsidiaries. It serves global cigarette manufacturers and filtration product companies across more than 60 countries.

Ownership category

akta.pro rank

Product category

Cellulose Acetate Manufacturing

NAICS

Artificial and Synthetic Fibers and Filaments Manufacturing (32522), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Industrial Organic Chemicals (2860)

akta.pro primary industry

Bio-based Polymers & Resins (PLA, PHA, bio-PE, bio-PET, cellulose acetate) (IMAMALAC)

akta.pro secondary industries

Bio-based Textiles & Fibers (lyocell/viscose, cellulose filament, nonwovens) (IMAMALAK), Bio-based Materials & Fibers (e.g., cellulose derivatives, lignin-based materials, nanocellulose) (EUAAAIAD)

Keywords

• Cellulose acetate tow
• Diacetate fiber production
• Cigarette filter materials
• Acetic anhydride manufacturing
• Cellulose diacetate chemicals

Headquarters

HQ city

Jinan

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 醋酸纖維產品銷售 (Acetate Fiber Product Sales): Manufacturing and sales of diacetate fiber tow, diacetate fiber filaments, and spinning-grade diacetate cellulose primarily for cigarette filter applications. Revenue is generated through direct B2B sales to tobacco manufacturers globally.
2. 二醋酸纖維素銷售 (Diacetate Cellulose Sales): Production and sale of both spinning-grade and plastic-grade diacetate cellulose to industrial customers. Includes sales to internal group companies and external customers.
3. 醋酸酐銷售 (Acetic Anhydride Sales): Production and sales of acetic anhydride, which serves as raw material for internal cellulose acetate production and external sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Jinan Acetate Chemical researches, produces, and sells acetic anhydride, diacetate cellulose (spinning-grade and plastic-grade), acetate fiber tow, and acetate fiber pellets. Its products are primarily used as raw materials for cigarette filter tips and filtration products, with secondary applications in industrial plastics and green environmental fibers, and are distributed to more than 60 countries worldwide.

Product overview

Jinan Acetate Chemical operates as an integrated manufacturer producing acetate-based chemical products across the value chain. The core portfolio includes acetic anhydride (produced by Mengxuan New Materials Co., Ltd.), spinning-grade and plastic-grade diacetate cellulose (produced by Zhongfeng Chemical Co., Ltd.), acetate fiber tow, acetate fiber pellets, and the MorAya brand of green environmental protection fibers. These products serve primarily cigarette filter tip manufacturing and filtration applications, with products distributed to over 60 countries and regions worldwide. The company operates through a group structure with specialized subsidiaries handling different stages of production.

Differentiator

Problem solved

Functional benefit

Brands

• 森绫 (SenAya / MorAya): Product brand for cellulose diacetate fiber products

Products and services

• Acetate Fiber Tow (醋酸纖維絲束) Diacetate fiber tow used as the primary raw material for cigarette filter tips and other filtration products; the group's flagship product line, protected by proprietary intellectual property, distributed to 40+ countries.
• Spinning-grade Diacetate Cellulose (紡絲級二醋酸纖維素) Spinning-grade diacetate cellulose manufactured by subsidiary Acetek Material Co., Ltd. (中峰化学有限公司); serves as the upstream raw material for producing acetate fibers.
• Plastic-grade Diacetate Cellulose (塑膠級二醋酸纖維素) Plastic-grade diacetate cellulose for industrial plastic applications, produced by subsidiary Zhongfeng Chemical Co., Ltd. (中峰化学有限公司), which holds National High-tech Enterprise and Shandong Specialized-Refined-Innovation SME certifications.
• Acetic Anhydride (醋酸酐) Acetic anhydride produced and sold by subsidiary Acetek Momentum Co., Ltd. (孟玄新材料有限公司); primarily used as raw material for producing cellulose acetate in upstream operations within the group, with additional external sales.
• Acetate Fiber Pellets (醋酸纖維膠粒) Acetate fiber pellets supplied for further processing into various acetate fiber products.
• MorAya (森绫) Environmental Protection Fibers MorAya (森绫) brand of green environmental protection fibers and materials offered by the company, part of its eco-friendly product portfolio for environmental fiber applications.

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Zhongfeng Chemical (中峰化學有限公司)coreStrategic or Co-development PartnerZhongfeng Chemical is a subsidiary within the group that produces diacetate cellulose. Mengxuan New Materials supplies acetic anhydride as raw material to Zhongfeng Chemical, demonstrating vertical integration within the corporate group.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Celanese Corporation: Celanese produces cellulose acetate products and engineered materials for filtration and other applications. Competes with Jinan Acetate in cellulose diacetate flake supply and downstream fiber/filter applications, particularly for industrial customers.
• Daicel Corporation: Japanese specialty chemical producer with a significant cellulose acetate business including tow for cigarette filters. Competes directly with Jinan Acetate in global acetate tow markets, particularly across Asian tobacco manufacturers.
• Mitsubishi Chemical Group (MCGC): Produces cellulose acetate and acetate tow under its specialty chemicals business, competing in global cigarette filter tow markets. Comparable vertical integration from chemical feedstocks to finished acetate products.
• Cerdia International (formerly Solvay Acetow): Cerdia is one of the global leaders in cellulose acetate tow production for cigarette filters, spun off from Solvay. Directly competes with Jinan Acetate in supplying tow to multinational cigarette manufacturers worldwide.
• Eastman Chemical Company: Eastman is the world's largest producer of cellulose acetate tow used in cigarette filters, with its Fibers segment serving the same global tobacco manufacturers. Direct head-to-head competitor in acetate tow, with comparable product portfolio and global B2B sales model.

Broad incumbents

• China National Tobacco Corporation: State-owned monopoly that controls the Chinese tobacco market and is the dominant buyer of acetate tow in China. Not a competitor in tow production but the largest single customer-base element for Jinan Acetate's domestic sales.
• Aditya Birla Group (Grasim Industries): Operates one of the world's largest viscose staple fiber businesses and has expanded into specialty cellulosic fibers. Competes in adjacent bio-based textile fiber markets where Jinan Acetate's MorAya environmental fiber brand is positioned.
• Solvay SA (now Syensqo): Global specialty chemicals leader that historically produced cellulose acetate tow (divested as Cerdia) and continues to operate broadly in specialty chemicals including materials for filtration and industrial applications. Comparable in scale and customer base.

Emerging players

• Sateri Holdings: China-based, the world's largest producer of dissolving pulp and a growing producer of regenerated cellulose fibers. Adjacent in the cellulose-based materials value chain with potential overlap in bio-based textile fibers serving similar downstream customers.
• Rayonier Advanced Materials: Produces cellulose specialties including cellulose acetate and other high-purity cellulose derivatives. Competes in adjacent cellulose-based specialty chemicals markets that overlap with Jinan Acetate's diacetate cellulose offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Jinan Acetate Chemical