Haier reported a 30% jump in refrigerator sales last year to CNY 47.1bn ($7.4bn). The business had 32% gross margin, down by 1% from 2016.
BASF and Huafon Group signed strategic cooperation agreement in May to develop the polyurethane, bio-fibre and elastane markets in China.
Wanhua Chemical plans to fully acquire its controlling shareholder Wanhua Chemical Industry (WCI).
Huide Science and Technology is filing for an IPO on the Shanghai Stock Exchange pending regulatory approval.
China’s Healthcare Co. reported CNY 4.6m ($723,000) net profit in the first quarter of 2018, down by 93% from the same period in 2017.
Wanhua reported CNY 13.6bn ($2.1bn) revenue in the first quarter of 2018, up by 24% from the same period in 2017.
Hengnaier Energy Saving New Material is equipping a 50,000 m³/year polyurethane insulation panel factory in Zhuzhou, Hunan.
Huafon Group broke ground in April on a new project at its Chongqing site in Baitao Industrial Park.
Cangzhou Dahua more than doubled the gross margin for its TDI product to 61% in 2017. The business generated CNY 3.9bn ($620m) sales last year.
Polyurethane materials maker Huaborun Material Technology has committed to build a new plant for thermoplastic polyurethane and CASE materials