Wanhua showed a 76% year-on-year rise in 2017 revenue to CNY 53bn ($8.4bn). Other key financial metrics was also recorded growth from 2016.
A Honeywell patent numbered 98806481.2 on hydrofluorocarbon (HFC) production process was invalidated by China’s State Intellectual Property Office in January 2018.
China’s Ministry of Commerce (Mofcom) lifted anti-dumping duties against imports of TDI 80/20 from the EU on 12 March 2018.
Yoke Technology in March signed a contract with China’s Hudong-Zhonghua Shipbuilding (Group) to supply glass fibre reinforced polyurethane insulation panels to for LNG carriers.
Chinese polyurethane mattress maker Healthcare Co’s antitrust lawsuit against four of the country’s TDI makers for CNY 45m ($7m) compensation had been accepted for trial.
China’s system house Hongbaoli estimates its 2017 annual net profit will drop 66% compared with 2016 to CNY 43m ($7m).
Shanghai Chlor-Alkali Chemical (SCAC) estimates 2017 net profit to be between CNY 950m ($150m) to CNY 1bn, compared with CNY 328m net loss in 2016.
Chinese polyurethane leather maker Huafon Microfibre (Shanghai) estimates its 2017 annual net profit will be up 150%.
13 ChemChina affiliates held by fully owned subsidiary China Haohua Chemical Group are planning a backdoor listing on the Shanghai Stock Exchange.
Anli, a synthetic PU leather makers, expects to post a CNY 20m ($3m) net loss in 2017, compared with CNY 58m net profit in 2016.