System House Hongbaoli forecasts its Q1 2018 net profit will range from CNY 1m ($158,000) to CNY 5m ($792,000), significantly down on CNY 19m in Q1 2017.
China’s polyurethane mattress and pillow maker Healthcare Co. reported CNY 156m ($25m) net profit in 2017.
Huitian New Materials’ 3kT/year solvent-free polyurethane adhesive expansion project was approved by inspectors in March
Huafon Thermoplastic Polyurethane held a trial production run at its 30kT/year TPU expansion project here in February.
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).