Wanhua’s net profit in Q3 2018 slipped by 30% year-on-year to CNY 2.07bn ($299m); revenue during the quarter grew by 9% to CNY 159m.
Polyurethane mattress and pillow maker Healthcare Co. has revealed capacity details for its planned plant in Knoxville, Tennessee.
Polyol and fertiliser maker Shandong Hualu-Hengsheng Chemical had a successful trial run at its 500kT/year ethylene glycol (EG) facilities in October and has started its operation.
Huafon Microfibre announced in August it is to build non-woven microfiber-reinforced PU leather facilities with 69m m2/year total capacity.
Whirlpool China is to sell a portion of its idle refrigerator facilities to the appliance group’s India arm, pending shareholders’ approval.
Chinese appliance giant Qingdao Haier is to acquire Italy’s Candy for $551m (EUR 475m).
Covestro plans to raise MDI capacity at the Shanghai site from 500kT/year to 600kT/year with additional monomeric and polymeric MDI expansions.
Chinese chemical conglomerate GPRO Investment Holding Group signed a commitment in September to build a new site in Nanjing for HPPO propylene oxide and related polyurethane feedstock
About two years ago, Meia, a Chinese foamer, bought a LaaderBerg machine for its plant in Beijing, but there is more to the company than that. Jane Ho and Simon Robinson spoke with Zhishan Huang, Meia’s chairman, on the fringes of PU China 2018.
Local authorities have approved a plan by Wanhua to build ethylene and other facilities at its Yantai site.