Shanghai, China – Hubei Shi Feng Automotive Interior, which started up in business in 2017, has added polyester foam to its polyether foam business.
Located in Xianning, Hubei province, Shi Feng’s plant has 12kT/year polyester foam capacity. It cost CNY 220m ($32m) to build and equip, said the company’s vice general manager Terry Gu.
The plant features a foam line from Germany’s Hennecke. This makes products for a number of leading auto makers, such as Volkswagen and Nissan.
Shi Feng is backed by Hong Kong-based polyurethane trading firm Charton. It has two subsidiaries in Changzhou, Jiangsu with 6kT/year flexible polyether foam capacity. There is another in Jiashan, Zhejiang, with 1kT/year specialty polyether foam capacity.
It also has another automotive interior affiliate Jiangsu Shifeng New Materials. This is based in Changzhou, and CNY 200m will be invested there. Currently, the Changzhou site has 15kT/year capacity.
The group has been a bellwether in China’s polyether foam market, and Shi Feng has a 10% share in China’s CNY 1bn polyester foam auto interior segment, said Gu. The new company expects to double its annual revenue over the next few years.