Adient, which makes automotive seating and interior components, saw full year 2017 earnings fall by $500m to $16.2 bn compared with 2016. However, earnings before interest and tax in 2017 was $1.1bn, compared with $399m in 2016.
Tempur Sealy International saw a 12.9% fall in sales during the third quarter of 2017 to $ 725 m due to hurricanes and the termination of an agreement with Steinhoff’s subsidiary bedding retailer Mattress Firm.
Autoneum, a Swiss car seat and interiors firm has opened the first of four new plants in China to meet growing demand.
Lear Corporation, which makes automotive seating, returned record results for the third quarter of 2017.
Graco, a polyurethane spray machinery equipment manufacturer, reported a 16% rise in net sales in the third quarter of 2017 to $380m
Steitz Secura is using a combination of 3D foot scanning from HP, Huntsman multi-section injection (MSI) polyurethane technology and a Desma MSI moulding machine to produce customised work footwear.
Covestro and Haier, a Chinese fridge maker, have signed a strategic cooperation agreement.
Sales and margins in BASF’s monomers division, home to its isocyanates business, rose ‘considerably’ in the third quarter of 2017
Although the deal with Clariant is off the table Huntsman could receive payments from the Swiss polymer additives firm, and there are other growth options.
Huntsman’s MDI plants in Caojing, China, Geismar, Louisiana and Rozenburg, the Netherlands ‘are all operating at capacity and have been for the past quarter or so