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.
Haier’s 250,000 unit/year refrigerator plant at Kama Industrial Park “Master” in Russia’s Tatarstan is scheduled to open in April 2016.
Lvyuan New Material (Shenyang) is financing for a 6m ㎡/year with investment estimated at RMB120m ($19m), according to a notice by Tieling Hi-tech Industrial Development Zone posted in February 2015.
Huafon’s 30kT/year elastane facility in Chongqing finished trial run in February 2015 and started operation
Rumours suggest that China is considering merging two of its state oil companies international press reports suggest