Sinomax, a flexible foam maker with operations in mainland China, Vietnam and the US, has issued a profit warning for the 2019 financial year and warned that it has technically defaulted on loan or facility agreements.
In the first eleven months of 2019 the US imported 6.46m refrigerators. This is down by 9.60m units.
Covestro is delaying further work on the expansion of its MDI plant in Texas. The MDI-500 project will be paused for 18-24 months.