After the explosion at a Tianjin storage site for hazardous chemicals including TDI in August 2015, the city has been rolling out plans to move chemical companies in the urban area to Nangang Industrial Zone on its coast.
TDI and fertilizer maker Dahua posted CNY 610m ($94m) net loss on a 42% drop in revenue to CNY 1.8bn, according to its 2015 annual report
An 80.1% stake in Japan’s Toshiba’s Lifestyle Products & Services Corporation was sold for JPY 53.7bn ($473m) to appliances maker Midea.
On 6 April an explosion hit a paraxylene (PX) plant owned by Taiwan’s Tenglong Aromatics in Zhangzhou, Fujian
Sinomax Group saw its US sales drop by 14% last year to HKD1.1bn ($142m) with a rise in export volume
Heze Haipu Appliances held a start-up ceremony earlier in March for its 500,000 unit/year refrigerator
China’s largest PU adhesives maker Huitian New Materials expects to have full operation of its 10kT/year single-component PU adhesives facility at 2016 year end
China’s largest system house Hongbaoli posted its annual results estimates in February, pegging its 2015 revenue at CNY 1.8bn ($276m).
State-backed Tianying Petrochemical signed construction contract in January for the first phase of its 300kT/year ethylene glycol project.
China National Bluestar (Group) has recently appointed Michael Koenig as its ceo