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).
Shanghai Chlor-Alkali Chemical (SCAC) estimates 2017 net profit to be between CNY 950m ($150m) to CNY 1bn, compared with CNY 328m net loss in 2016.
Chinese polyurethane leather maker Huafon Microfibre (Shanghai) estimates its 2017 annual net profit will be up 150%.
13 ChemChina affiliates held by fully owned subsidiary China Haohua Chemical Group are planning a backdoor listing on the Shanghai Stock Exchange.
Anli, a synthetic PU leather makers, expects to post a CNY 20m ($3m) net loss in 2017, compared with CNY 58m net profit in 2016.
Polyurethane insulation panel maker Hanghai New Material plans to build a new plant. The project’s environmental impact is being assessed.
Wenzhou, Zhejiang – Chemical conglomerate Huafon Group plans to build a new plant in Wenzhou, Zhejiang with 500kT/year capacity
Cangzhou, Hebei – Chinese TDI maker Dahua estimates its 2017 annual net profit would range from CNY 1.26bn ($201m) to CNY 1.29bn, representing at least a 240% jump from 2016.
State-owned Henan Energy and Chemical Industry Group (HECIG) is to complete its 200kT/year ethylene glycol project.