Jinan Acetate Chemical Co Ltd

What Jinan Acetate Chemical Co Ltd does

Jinan Acetate Chemical Co Ltd (济南大自然新材料股份有限公司), doing business as Acetek Group, is a vertically integrated Chinese specialty chemicals manufacturer founded in October 1999 and listed on the Taiwan Stock Exchange since December 2015. The group produces cellulose diacetate fiber tow, cellulose diacetate (spinning-grade and plastic-grade), cellulose acetate pellets, and acetic anhydride, serving primarily the tobacco filtration industry for cigarette filter manufacturing, with secondary applications in filtration products and green environmental materials. Operations are anchored by five wholly-owned subsidiaries spanning the full acetate value chain: Mengxuan New Materials (acetic anhydride, upstream raw material), Zhongfeng Chemistry (cellulose diacetate, intermediate), Jinan Acetate Chemical (fiber tow, finished product), Acetate Shandong Environmental Fiber (acetate fiber pulp), and Acetek Aspiration (high-performance fibers).

The company's core technology is its self-developed cellulose diacetate fiber tow, which is protected by proprietary intellectual property and forms the basis of its competitive positioning. The group operates manufacturing facilities in Jinan, Shandong Province, with offices in Jinan and Taipei, and distributes products to over 60 countries and regions globally, with the main subsidiary reaching 40+ countries. Revenue is generated through direct sales (factory-gate) of acetate products to enterprise customers in the tobacco filtration industry, with no publicly disclosed pricing models.

The business model is sales-led B2B manufacturing, with the company actively co-developing and improving product processes jointly with customers to win long-term partnerships. Distribution is direct through the group's own manufacturing and sales organization, supported by trade show participation in tobacco industry exhibitions across Asia, EMEA, and Southeast Asia. Marketing relies on a corporate website (acetekgroup.com) and industry events. The company holds ISO certifications under its sustainability initiatives and has been recognized as a Shandong Provincial Specialized, Refined, Distinctive, and Innovative SME. Revenue, employee compensation, and unit pricing are not publicly disclosed in the available source material.

Name

Jinan Acetate Chemical Co Ltd

Legal name

济南大自然新材料股份有限公司

Website

https://acetatechemical.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

Jinan Acetate Chemical Co Ltd (Acetek Group) is a Chinese vertically integrated specialty chemicals manufacturer producing cellulose diacetate fiber tow, cellulose diacetate, and acetic anhydride for the global tobacco filtration industry, distributing to 60+ countries from its Jinan, Shandong base since 1999.

Ownership category

akta.pro rank

Product category

Specialty Acetate Chemicals

NAICS

Artificial and Synthetic Fibers and Filaments Manufacturing (32522), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252), Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194)

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

Cellulose-Based Biodegradable Materials (cellulose films, fibers, derivatives) (IMAEAOAE), Nanocellulose & Cellulose Derivatives (CNC/CNF, MCC, ethers/esters) (IMAMALAD)

Keywords

• Cellulose acetate tow
• Acetic anhydride production
• Cellulose diacetate
• Cigarette filter materials
• Specialty acetate 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, Technology or R&D, Marketing or Sales

Revenue model

1. Acetate Fiber Products Sales: Research, development, manufacturing, and sale of cellulose diacetate fiber tow, cellulose diacetate yarn, cellulose diacetate, and acetic anhydride. Primary applications are cigarette filter materials and filtration products. Revenue is generated through product sales to customers in the tobacco and filtration industries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Jinan Acetate Chemical Co Ltd researches, develops, manufactures, and sells acetate-based chemical products, principally cellulose diacetate fiber tow, cellulose diacetate (spinning-grade and plastic-grade), cellulose acetate pellets, and acetic anhydride. The products are primarily used as cigarette filter materials and in other filtration product applications, with additional positioning in green environmental fiber and materials. The group operates through vertically integrated subsidiaries covering the full acetate value chain from raw materials to finished fiber products.

Product overview

Jinan Acetate Chemical Co Ltd operates as a vertically integrated chemical materials company producing cellulose diacetate and related products. The product portfolio centers on acetic anhydride (produced by Meng Xuan New Materials Co., Ltd.), cellulose diacetate in spinning-grade and plastic-grade formulations (produced by Zhongfeng Chemical Co., Ltd.), cellulose diacetate tow, and cellulose acetate pellets. These products are sold under the MorAya brand and primarily serve the cigarette filter industry and other filtration applications. The company positions itself as a green environmental protection materials provider, actively co-developing products with customers to improve production efficiency and build long-term partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• 森绫 (MorAya): Green environmental fiber and materials brand under the Acetek Group product portfolio.

Products and services

• Cellulose Diacetate Tow (醋酸纖維絲束)

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

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Zhongfeng Chemistry Co., Ltd. (中峰化学有限公司)coreStrategic or Co-development PartnerZhongfeng Chemistry Co., Ltd. is a group subsidiary and a high-tech enterprise specializing in production of spinning-grade and plastic-grade cellulose diacetate. It serves as the group's key supplier of cellulose diacetate, the intermediate product used in fiber tow production. Mengxuan New Materials Co., Ltd. supplies acetic anhydride (raw material) to Zhongfeng Chemistry for cellulose diacetate production, forming a vertically integrated supply chain within the group.
• Mengxuan New Materials Co., Ltd. (孟玄新材料有限公司)coreStrategic or Co-development PartnerMengxuan New Materials Co., Ltd. is a group subsidiary specializing in the production and sale of acetic anhydride. Its products are primarily used as raw material for Zhongfeng Chemistry's production of cellulose diacetate, representing the upstream segment of the group's vertically integrated acetate product chain.
• Acetate (Shandong) Environmental Fiber Co., Ltd. (阿斯泰克（山東）環保纖維有限公司)coreStrategic or Co-development PartnerAcetate (Shandong) Environmental Fiber Co., Ltd. is a group subsidiary specializing in pulp manufacturing (acetate fiber pulp). Its products have been applied across 31 provinces and cities in China including Jiangsu, Beijing, Hunan, and Guangdong.
• Acetek Aspiration (Shandong) New Materials Co., Ltd. (魯志伸新材料（山東）有限公司)minorStrategic or Co-development PartnerAcetek Aspiration (Shandong) New Materials Co., Ltd. is a group subsidiary specializing in the production and sale of high-performance fibers.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Daicel Corporation: Japanese specialty chemical company producing cellulose acetate for cigarette filters and other applications. Direct Asian competitor in the same product category with established regional customer base.
• Cerdia International: European cellulose acetate tow manufacturer (formerly Rhodia Acetow, divested by Solvay in 2020). Direct competitor serving the global cigarette filter market from a European base.
• Mitsubishi Chemical Corporation: Japanese chemical major producing cellulose acetate film and other cellulose-based products. Direct competitor in cellulose acetate materials with similar focus on industrial and specialty applications.
• Celanese Corporation: The world's largest producer of cellulose acetate tow for cigarette filters with a vertically integrated acetyls business. Direct global competitor in the same primary product category and value chain.
• Eastman Chemical Company: US-based specialty chemical company producing cellulose acetate products including Naia cellulosic yarn for textile applications. Direct competitor in cellulose acetate materials and emerging environmental fibers.

Broad incumbents

• Aditya Birla Group (Birla Cellulose): Indian conglomerate producing cellulosic fibers (Birla Cellulose) for textile applications. Broad incumbent in cellulose-based fiber materials with significant global production capacity.
• Solvay S.A. Belgian chemical major with historical cellulose acetate operations (divested as Cerdia in 2020). Broad specialty chemicals player with deep expertise in cellulose chemistry and acetyls production.

Emerging players

• Sateri: Chinese cellulose fiber producer (Lyocell) for textile applications. Regional competitor in cellulose-based environmental fiber materials with shared focus on sustainable cellulose chemistry.
• Lenzing AG: Austrian producer of cellulose-based fibers (Tencel, Veocel) for textile and nonwoven applications. Overlaps with Acetek's 'green environmental fiber' positioning and pivot beyond tobacco filtration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jinan-acetate-chemical-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 Jinan Acetate Chemical Co Ltd