华东理工大学华昌聚合物有限公司

What 华东理工大学华昌聚合物有限公司 does

华东理工大学华昌聚合物有限公司 (Huachang Polymer) is a Shanghai-based specialty resin and coatings manufacturer with origins in the 1958 "May 7th Resin Factory" of East China University of Science and Technology. The company operates a 180,000-ton annual production base and produces high-performance polymer materials including MFE epoxy vinyl ester resins, MERICIAN epoxy resins, unsaturated polyester, phenolic resins, and functional coatings and adhesives. Its technical base is supported by an academician expert workstation, 118 patent applications (75 granted), and leadership in multiple national industry standards; certifications include ISO9001 and IATF16949 (Dec 2024).

The company sells primarily B2B into petrochemical (Sinopec, CNPC), steel (Baosteel, TISCO), aerospace (COMAC C919, 618 Institute, 725 Institute), shipbuilding, rail (CRRC), automotive (SAIC Roewe, SAIC Audi, Zhiji Auto), electronics (BOE), and nonferrous metals (Southwest Copper). Revenue mechanics combine direct enterprise sales with a 35+ country international distributor network and a technology licensing model exemplified by the Luxchem (Malaysia) arrangement covering Malaysia, Indonesia, and Thailand. A joint venture with France's Mäder Group — Shanghai Lili New Materials — extends reach into premium industrial coatings. 2024 revenue was 689M RMB with a stated 2025 target of 800M RMB.

Strategically, the company is pursuing a smart-factory digital transformation (designated Shanghai Advanced Smart Factory in 2025) while expanding into hydrogen storage composites and low-altitude economy / eVTOL carbon-fiber composites via a Hengshen partnership. Shanghai Huayi Group holds a 43.87% strategic stake, and the company carries the National "Specialized, Refined, Differential, Innovative" Little Giant and Shanghai Manufacturing Single Champion designations, signaling policy support and regulatory positioning in mission-critical materials supply chains.

Name

华东理工大学华昌聚合物有限公司

Legal name

华东理工大学华昌聚合物有限公司

Website

https://hchp.com.cn

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

11–50 employees

Short description

Huachang Polymer is a Shanghai-based specialty resin and coatings manufacturer producing epoxy vinyl ester, epoxy, unsaturated polyester, and phenolic resins (180,000-ton capacity) for petrochemical, aerospace, automotive, shipbuilding, rail, and electronics customers, with international reach via a 35+ country distributor and licensing network.

Ownership category

akta.pro rank

Product category

Specialty Polymer Resins & Coatings

NAICS

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

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Adhesives & Sealants (2891), Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)

akta.pro primary industry

Thermoset Resins (Epoxy, Phenolic, Unsaturated Polyester, PU resins) (IMAEANAE)

akta.pro secondary industries

Specialty Polymers & Resins (Engineered Materials) (IMAEABAK), Thermoset & Reactive Resin Manufacturing (Epoxy, Polyester, Phenolic, Urethane systems) (IMANAAAC)

Keywords

• Polymer new materials
• Epoxy vinyl ester resin
• High-performance composite resins
• Industrial anti-corrosion coatings
• Thermoset resin manufacturing

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Polymer New Materials (Resin Products): Primary revenue stream from manufacturing and selling epoxy vinyl ester resin, high-performance epoxy resin, unsaturated polyester resin, phenolic resin, polysulfone resin, functional coatings, and adhesives. Products sold directly to industrial customers and through distributor networks. 2024 revenue: 689 million RMB; MFE epoxy vinyl ester resin sales exceeded 22,000 tons. International trade revenue reached 170 million RMB (+21% YoY).
2. Technical Services and Engineering Consulting: Provides professional services including structural design consultation, material selection guidance, and manufacturing process technical instruction. Integral to the company's total solutions offering for corrosion protection and composite material applications.
3. Brand Licensing and Technology Export: Licensing of MFE brand and proprietary technology to international partners including Luxchem in Malaysia for local production of MFE 711 and UL9505 products. Represents technology export and brand extension model.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

The company manufactures and sells high-performance polymer new materials — primarily epoxy vinyl ester resins (MFE brand), epoxy resin compounds (MERICAN brand), specialty phenolic resins, polysulfone resins, unsaturated polyester resins, and functional coatings. Products serve industrial anti-corrosion, composite materials for transportation (aerospace, rail, automotive), nuclear, marine, and new energy applications, with integrated material selection, process guidance, and engineering service.

Product overview

华东理工大学华昌聚合物有限公司是国内外领先的聚合物新材料解决方案提供商, 围绕高性能合成树脂形成完整产品体系, 主要包括八大产品系列: 环氧乙烯基酯树脂(MFE品牌)、特色预浸料树脂、环氧树脂组合料(MERICAN品牌)、CIPP特种不饱和树脂、涂料(MS系列/HMX系列/HCM系列鳞片胶泥)、聚砜树脂、纤塑复合材料和不饱和聚酯树脂, 以及由子公司华夏化工生产的核纯酚醛树脂、高碳酚醛树脂、无溶剂耐烧蚀酚醛树脂和纳米孔杂化酚醛树脂。这些产品服务于风电光伏氢能核能、航空航天、低空经济、新能源汽车、船舶海工、集成电路、食品医药等战略性新兴产业, 并提供从材料选型、工艺设计到施工指导的全链条专业化服务。

Differentiator

Problem solved

Functional benefit

Brands

• MFE: 环氧乙烯基酯树脂品牌
• MERICAN
• 美丽坚

Products and services

• Epoxy Vinyl Ester Resin (MFE Series)

Quantifiable outcome

• MFE epoxy vinyl ester resin sales exceeded 22,000 tons in 2024
• +5 more outcomes

Named customers19 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

18 partnerships are on record, tiered secondary, core and minor.

• 恒神股份 (Hengshen Co., Ltd.)secondaryStrategic or Co-development Partner · 3 July 2026Carbon fiber manufacturer visited 华昌公司 July 3, 2026 for technical exchange on matrix resins. Both parties identified high synergy in carbon fiber composite supply chain — 华昌 supplying resin, 恒神 supplying carbon fiber — for NEV, wind power, marine, aerospace, and rail applications. Agreed to deepen cooperation in supply chain coordination.
• 中国兵器工业集团第五三研究所 (Norinco Group 53 Institute)secondaryStrategic or Co-development Partner · 9 June 2026Visited 华昌公司 June 9, 2026 for high-performance composite materials cooperation. Signed strategic cooperation agreement. Exchanges on polysulfone resin, silicon-containing aryleneethynylene resin, vinyl ester resin, silicone, and multi-functional epoxy resin. Cooperative achievements recognized positively. Joint party-building with Taihe company (subsidiary of 53 Institute).
• 上海理工大学secondaryStrategic or Co-development Partner · 7 June 2026Participated in '沪上材智汇'产教融合创新论坛 June 7, 2025 during USST's 120th anniversary. CTO Lu Xiaoping spoke at industry-academia cooperation roundtable. Both parties co-signed initiative for deeper university-enterprise cooperation.
• 中国船舶七二五所 (CSIC 725 Institute)coreStrategic or Co-development Partner · 26 June 2024Awarded Silver Supplier (银牌供应商) for two consecutive years (2024, 2025). CSIC 725 Institute is a major state-owned research institution for naval materials. Cooperates on naval and marine engineering composite materials. Also signed cooperation agreement and conducts party-building joint activities with 725's Taihe subsidiary.
• 奥克集团secondaryStrategic or Co-development Partner · 1 April 2024China's leading epoxy ethane deep-processing enterprise. Signed 'Strategic Agreement for Joint Development of High-Performance Dioxyether Polymer New Materials' in April 2024. Leverages both parties' advantages: 奥克's dioxyether monomer synthesis technology and 华昌's vinyl ester resin and UPR industrialization experience. Target: joint development of high-performance monomer and polymer new materials.
• 法国Mäder集团 (哲力集团)coreOEM/ Whitelabel/ Licensing Partner · 18 September 2019Joint venture 上海黎里新材料科技有限公司 established 2019 in Shanghai Chemical Industry Zone. Mäder Group contributes innovative coatings and composite solutions including EN45545 HL3 flame-retardant carbon fiber materials for rail. JV produces and sells Mäder/HuaChang products in China and neighboring markets. First Chinese-French JV in specialty polymer materials.
• 铜陵四通环境科技有限公司minorImplementation/ SI/ Consulting Partner · 18 June 2019Participated as co-editor unit in industry standard development for 'Inner Lined Glass Steel Integral Composite Electrolytic Tank' (内胆式玻璃钢整体复合电解槽). Leading unit: 铜陵四通. HuaChang contributed as resin supply enterprise.
• 中国合成树脂协会不饱和聚酯树脂分会coreOthers · 1 May 2019Hua昌公司 serves as 理事长单位 (Chairman Unit) of the Unsaturated Polyester Resin Branch. Actively participates in drafting industry standards including HG/T 5876-2021 vinyl ester resin standard and UPR peroxide MEKP solution standard.
• Luxchem (马来西亚)coreChannel Partner/ Reseller/ Distributor · 1 January 2014Long-term strategic partner since 2014. Luxchem produces MFE 711 vinyl ester resin and UL9505 tank resin at its Malacca factory under license for Southeast Asian markets (Malaysia, Indonesia, Thailand). MFE brand is a recognized top brand in the region. Luxchem Managing Director describes it as the 'biggest resin factory in Malaysia.'
• 上海华谊树脂有限公司coreStrategic or Co-development Partner · 1 January 2013Joint venture established 2013, invested by Shanghai Huayi Group Investment. Dedicated to high-performance epoxy resin and adhesives for aerospace and new energy高端装备 manufacturing. Huayi Group holds 43.87% stake in 华昌聚合物 as of 2025. Core strategic platform for high-performance resin business under Huayi Group's 15th Five-Year Plan (targeting 1 billion RMB revenue).
• 中国石化上海石油化工股份有限公司 (Shanghai Petrochemical)secondaryStrategic or Co-development Partner · 1 January 2010Long-term strategic partner in carbon fiber composite applications. Both located in Hangzhou Bay North bank. Collaborated on C919 aircraft components, high-speed rail, and automotive carbon fiber composites. Both invested in Shanghai Carbon Fiber Composite Innovation Research Institute. Exploring deeper cooperation in strategic new materials.
• 上海华震科技有限公司secondaryStrategic or Co-development Partner · 1 January 2005Specializes in ion exchange resin and macroporous adsorption resin production and service, including chromatography column packing resin exported to India. Founded with support from Shanghai Fourth Pharmaceutical Factory's first order (1992).
• 上海华夏化工材料有限公司coreStrategic or Co-development Partner · 1 January 2002Wholly-controlled subsidiary (控股子公司) producing nuclear-pure phenolic resin, high-carbon phenolic resin, and nano-porous hybrid phenolic resin. Core product nuclear-pure phenolic resin successfully applied in Generation IV high-temperature gas-cooled reactor (HTGR) nuclear fuel elements. Established 1985, restructured 2002 under 华昌聚合物.
• 上海碳纤维复合材料创新研究院 (SCIC)secondaryStrategic or Co-development PartnerJointly established composite materials innovation platform. Provides pilot test, performance testing, and small-batch trial production services. 华昌公司 provided factory visits for SCIC during training programs.
• 上海防腐蚀新材料工程技术研究中心coreStrategic or Co-development PartnerPlatform hosted at 华昌公司. 6th Technical Committee established November 2025. Academician Li Yongfang and 20+ expert committee members. Annual technical advisory meetings. Core platform for corrosion prevention new materials R&D and industrialization.
• 上海市腐蚀科学技术学会coreOthersHua昌公司 serves as 理事长单位 (Chairman Institution) of Shanghai Corrosion Science and Technology Society. Hosts technical conferences and industry seminars as organizer.
• 中国合成树脂协会环氧树脂分会coreOthersHua昌公司 serves as 副理事长单位 (Vice Chairman) of the Epoxy Resin Branch. Actively participates in national epoxy resin technical exchange conferences and academic symposiums.
• 中国复合材料学会SAMPE中国大陆总会舰船用复合材料专委会secondaryOthers华昌公司 market expansion manager Yang Meng elected as committee member of the Ship and Ocean Engineering Composites Specialized Committee under SAMPE China. Liu Zuozhen appointed Vice Chairman of Resin Professional Committee. Company actively supports student competitions and industry conferences.

Scale indicators8 records

Recent moves9 records

Expansion highlights7 records

Regional players

• Luxchem (马来西亚): Malaysian resin and chemical distributor/manufacturer that has been Hua Chang's licensed producer of MFE 711 and UL9505 since 2014, making it both a customer and the closest regional comp for licensed MFE-brand vinyl ester production in Southeast Asia.

Broad incumbents

• INEOS Composites: Global producer of unsaturated polyester and vinyl ester resins for composites, marine, construction, and transportation — directly overlapping with Hua Chang's UPR and VER product lines in industrial corrosion and composite markets.
• Olin Corporation (Olin Epoxy): Major global epoxy resin producer serving composites, coatings, and adhesives. Competes with Hua Chang's MERICAN epoxy and vinyl ester platforms in industrial and composite applications across China and Asia.
• Ashland: U.S.-based specialty chemicals producer with significant composites and coatings resin offerings. Comparable in specialty coatings (ESD, clean room) and composite matrix chemistry to Hua Chang's MS/HMX coatings and composite resin lines.
• Hexion: Global epoxy resins leader serving wind, aerospace, automotive, and coatings markets. Directly comparable in epoxy resin technology and aerospace/wind composite matrix applications, with substantially larger global R&D and customer base.
• AOC: Global supplier of unsaturated polyester, vinyl ester, and specialty resins for composites, with strong corrosion and transportation end-markets that overlap Hua Chang's industrial corrosion and composite matrix business.
• Polynt-Reichhold: Global leader in thermoset resins (UPR, vinyl ester, epoxy, gelcoats) for composites and coatings. Comparable core chemistry and end-uses to Hua Chang, but operates at vastly larger scale and broader geographic footprint, positioning it as the dominant Western incumbent Hua Chang competes against in China and export markets.

Direct peers

• Swancor (上纬新材): Taiwan-listed and Shanghai-headquartered specialty resin company offering epoxy vinyl ester resins, epoxy resins, and unsaturated polyester resins for wind, corrosion, and composite applications — directly comparable product platforms and overlapping end-markets with Hua Chang's MFE and MERICAN lines.
• 惠柏新材 (Huibai Advanced Materials): A-share listed Chinese supplier of composite materials and epoxy resin formulations for wind, aerospace, and rail applications — a directly comparable domestic peer in thermoset composites with overlapping customer base in NEV, wind, and rail.

Emerging players

• Aditya Birla Chemicals (环氧树脂业务): Indian conglomerate's epoxy and specialty chemicals business, with growing global footprint in epoxy resins serving composites, coatings, and electrical applications — an emerging Asian competitor comparable in epoxy resin technology to Hua Chang's MERICAN platform.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/%E5%8D%8E%E4%B8%9C%E7%90%86%E5%B7%A5%E5%A4%A7%E5%AD%A6%E5%8D%8E%E6%98%8C%E8%81%9A%E5%90%88%E7%89%A9%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 华东理工大学华昌聚合物有限公司