Following two consecutive years’ downturn, China’s refrigerator market continued to decline with a 1% drop in sales between 2015 and 2016 CNY 84bn ($12bn), figures from major producers show.
State-owned Yangquan Coal Industry (Group) Co. started up its 200kT/year ethylene glycol project in Yangquan, Shanxi in later April
Dow Chemical broke ground on 27 April on a project with 120kT/year formulated polyether polyol capacity at its existing site in Zhangjiagang, Jiangsu.
State-owned chemical group Fujian Pec in March signed contract with Fuzhou’s municipal government on two isocyanate projects, according to local government website.
Wanhua saw a 129% year on year increase in net profit to CNY 3.7bn ($538m) in 2016, according to its annual report released on 11 April.
Anli Material Technology, predicts it could lose up to CNY921,000 ($133,000) in q1 2017.
Scisky, plans construction of its new waterborne PU industrial park in Nanjing, Guangnxi in August with CNY2.9bn ($421m) investment earmarked,
Wenzhou Dongtai Resin signed agreement with the government of Suichang county, Lishui, Zhejiang in March for its 30kT/year PU resin plant
System house Hongbaoli may halt its acquisition of TPU film maker Xionglin New Material Technology, according to a statement in March.
BASF is shutting down its 400kT/year MDI facility in Chongqing due to unexpected issues with critical plant equipment of its Syngas supplier