Shanghai, China – Catalysts and surfactants maker OSIC Performance Materials (Shanghai) launched its new flexible foam surfactant using non-burst technology at the UTECH Asia 2016 event.
Earlier this year the company also launched a rigid foam solution for insulation with the introduction of inorganic materials. “It’s more environmentaly friendly and more flame retardant,” said Guo, “and PU reinforcement can increase its stiffness.”
Supplying to international chemical giants such as Dow, Bayer and Huntsman, OSIC almost doubled its revenue last year to CNY 100m ($15m) with a 3kT production volume.
Overseas sales, particularly strong in the Middle East and Southeast Asia, accounted for 30% of its 2015 revenue. “We are planning to up the share to 50% over the next couple of years,” said Guo.
The company is moving its headquarters to Zhangjiagang, Jiangsu, where an organic silicon industrial park is situated. The new site is scheduled to start construction of new capacity later this year and to open in 2018, adding 18kT/year capacity to its 4.5kT/year current capacity.
“It’s almost impossible to set up a new chemical plant in Shanghai with its stringent local regulations,” Guo added.
Exchange Rates: Xe.com 7 August 2016.