ChemChina affiliate Bluestar Dongda plans to build high performance polyether polyol facilities with 306kT/year capacity in its headquarters city of Zibo, Shandong.
TDI maker Dahua recorded a 23% year-on-year drop in 2018 net profit to CNY 991m ($148m). Revenue remained flat from 2017 at CNY4.4 bn.
China’s Hongbaoli recorded CNY29m ($4.3m) net profit in 2018, a 29% drop compared with 2017. The company warned in March that 2018 profits would be down.
German bed products brand Long Life Basics has two new shareholders: China’s mattress and pillow maker Healthcare Co and Red Star Macalline.
China’s Gree Electric Appliances broke ground on a refrigerator and washing machine site in Luoyang, Henan on March 11.
Huafon Spandex, the elastane arm of Huafon Group, plans to fully absorb the group’s PU resin and polyol subsidiary Zhejiang Huafon New Materials.
Lubrizol held a pilot run for a new TPU line here in February with production scheduled to start in March.
China’s Homa Appliances is planning a new plant. It will have 1 m unit/year refrigerator capacity and 1.2m unit/year freezer capacity
Canadian foamer Woodbridge plans to build a 400,000 unit/year polyurethane auto seat project in Yichang, Hubei.
Korean mattress and bed products maker Zinus is considering building a 3m PU foam mattress plant in Zhangzhou, Fujian.