Shanghai, China – Xuchuan Chemical (Suzhou) saw its 2015 revenue jump 20% to over CNY 4bn ($602m), driven by its shoe sole resin and polyester polyol businesses, the company told UTECH-polyurethane.com at the UTECH Asia 2016 event.
Compared with polyether polyol, “polyester polyol gives the foam better mechanic properties but is more costly,” said Xuchuan’s development engineer Dennis Dong.
Each of the two businesses reported a 30% year on year growth, with waterborne and solvent free resins showing particularly strong momentum.
Headquartered in Suzhou, Jiangsu, Xuchuan has four plants in Jiangsu and nearby Zhejiang province with facilities for other products such as PU leather resin and adhesives. A 200kT/year expansion project for resins in Taicang, Jiangsu is expected to be completed by the end of this year.
Exchange Rates: Xe.com 10 August 2016.