Founded in 1947, Qingdao Haiwan Group Co Ltd (青岛海湾集团有限公司) is a large-scale chemical company and a key enterprise of Qingdao. 

Composed of more than twenty corporate share holders, the group has existing assets of 16.6 billion yuan ($26.41b). The products of the company are widely applied in numerous industries, like home appliances, electronic engineering, automobile, printing and dyeing, building materials, and agriculture.