Zibo, Shandong — Lecron Energy Saving Materials, which makes rigid polyether polyurethane foam, announced in January 2014 it will integrate into diglycols with an investment of RMB340mn ($56m). The new facility will have capacity to make 125kT/year of modified 2-ethoxyethanol and diglycols. It will be located at the North Industrial Park in Zhanhua county, Binzhou, Shandong […]
Automotive manufacturer FAW Group signed contract in January 2014 with two Chinese coating makers, Tianjin Colouroad Coatings and Chemicals and Feiyang Novel Materials, to jointly develop energy-saving auto coatings including polyurea products.
In January 2014 Dairen Chemical (Jiangsu) filed for trial run of its new 30kT/year 1,4-butanediol (BDO) plant in Yangzhou, Jiangshou. Read more here.
Hubei Huitian Adhesive Enterprise, China’s largest PU adhesives producer in volume, in January posted estimates on its 2013 net profit at RMB78m ($13m) to 92m ($15mn), up 10% to 30% from 2012.
Xinxiang Chemical Fiber (XCF) announced in December 2013 its financing plan for a 20kT/year new super soft spandex fiber facility in Xinxiang
Hongbaoli New Material (HNM), a subsidiary of China’s polyol and rigid PU foam maker Nanjing Hongbaoli, signed contract with Suning Universal in January 2014 to supply exterior insulation panel systems
Guangdong Homa Appliances, China’s top fridge biggest fridge exporter by volume since 2009, announced in November 2013 its it had secured financing for a new 2m unit/year plant.
Whirlpool China is planning to take a 51% stake in Hefei Rongshida Sanyo Electric (HRSE) in a RMB2bn ($326m) deal that will include investment in a 4m unit/year expansion at HRSE, said.
China polyurethane systems house, Liming, benefits from focus on automotive sector in 2013 as strong automotive production in the country drives profits.
Changling will use its own HPPO technology in the 100,000 tonne/year HPPO plant it is building. The plant is scheduled for completion in H1 2014.