Hong Kong PU distributor in $7.25-M expansion
Hong Kong-Sino Union Petroleum and Chemical International, the former Minglun Group, plans to invest Yuan 60 million ($7.25 million) in building facilities to store oil products for China Petroleum & Chemical Corp (Sinopec) and PetroChina, according to a report in The Standard of Hong Kong.
Sino Union, which mainly distributes polyurethane (PU) materials, diversified into the manufacture and sale of petrochemical fuel products in the mainland, but plans to continue the PU trading business as well, the report said.
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The Standard (Hong Kong) story