Homa, China’s refrigerator export leader for six consecutive years, had a 14.5% increase in export revenue to RMB2.6bn ($419m) in 2014 with 3.9m units sold overseas, accounting for 14% of China’s refrigerator export volume
Bangtai Polymeric New Materials broke ground in March 2015 on a new plant with 50kT/year melt spun elastane slice and 30kT/year elastane fibre capacities at Mancheng Economic Zone in Baoding, Hebei.
BASF has signed the contract with Guangdong Yinfan Chemistry for Yinfan to produce polyurethane and other automotive refinish coatings
On 6 April an explosion hit a paraxylene (PX) plant owned by Taiwan’s Tenglong Aromatics in Zhangzhou, Fujian.
China’s MIIT puts chemical industry profit growth at 7% in 2015.
Comens New Material, which claims to be China’s largest compound polyurethane adhesives maker based in Beijing, reported a 2% drop in net profit to RMB49m
Chongqing – BASF has started production trials at its new 400kT/year MDI facilities at Chongqing’s Changshou Chemical Industry Park. Full operation is scheduled for the second quarter of 2015. The project has RMB8bn ($1.3bn) total investment. It was approved by authorities in 2011 – as utech-polyurethane.com reported at the time – and was mechanically completed in July […]
Wanhua 2014 annual report showed a 16% drop in net profit to RMB2.4bn ($387m) on a 9% rise in revenue to RMB22.1bn.
The Ministry of Industry and Information Technology issued its 2014 Overview of the Chemical Industry on 27 February 2015, stating the industry is making progress in transformation, with steady production growth and export momentum but a slowdown in revenue and investment growth.
Tayho Advanced Materials is trial running a 10kT/year elastane project at Yantai Economic & Technological Development Area, where the company is based.