Haier’s 500,000 unit/year refrigerator plant in Russia’s Tatarstan started operation on April 22, according to the company’s press release.
Dow Polyurethanes signed a co-branding agreement in May with China’s leading sports shoe maker Xtep for its Softpad insoles adopting Dow Comfort Science’s Voralast PU memory foam.
Dow Polyurethanes is bullish about the opportunities offered by China’s 13th five-year plan for polyurethanes and sees possibilities in renewables, said Glenn Wright.
System house Hongbaoli posted its annual results in April, with a 10% gain in net profit to CNY 103m ($16m) on a 14% fall in revenue to CNY 1.8bn.
Zhejiang Wansheng, a maker of flame retardants for PU and other plastics based in Taizhou, posted a 101% rise in annual net profit to CNY 85m ($13m) on an 18% rise in revenue to CNY 880m in 2015.
After the explosion at a Tianjin storage site for hazardous chemicals including TDI in August 2015, the city has been rolling out plans to move chemical companies in the urban area to Nangang Industrial Zone on its coast.
TDI and fertilizer maker Dahua posted CNY 610m ($94m) net loss on a 42% drop in revenue to CNY 1.8bn, according to its 2015 annual report
An 80.1% stake in Japan’s Toshiba’s Lifestyle Products & Services Corporation was sold for JPY 53.7bn ($473m) to appliances maker Midea.
On 6 April an explosion hit a paraxylene (PX) plant owned by Taiwan’s Tenglong Aromatics in Zhangzhou, Fujian
Sinomax Group saw its US sales drop by 14% last year to HKD1.1bn ($142m) with a rise in export volume