Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
    • UTECH Europe 2021
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
April 17, 2019 12:00 AM

China’s Dahua profits down in 2018; antitrust charges dropped

Jane Ho
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Cangzhou, Hebei – TDI maker Dahua recorded a 23% year-on-year drop in 2018 net profit to CNY 991m ($148m). Revenue remained flat from 2017 at CNY 4.4 bn.

    China’s TDI price hit a record high for the past decade during the first three quarters of 2018, reaching CNY 31,000/ton in August, but it has been dropping since September, said the company’s annual report, released in April.

    Dahua’s TDI business had a 50% gross profit margin last year, down from 61% in 2017. Its 150kT/year facilities ran at a 117% capacity utilisation rate after technology upgrades.

    In 2018, Sadara’s 200kT/year TDI facility in Saudi Arabia and Wanhua’s 300kT/year facility in Yantai both came on stream, leading to a surplus in global supply, the report said.

    In addition to Wanhua’s new facilities, the total TDI capacity in China reached 840kT/year in 2018, including 250kT/year from Covestro and 160kT/year from BASF, said the annual report.

    In February 2018, Dahua and three other Chinese TDI makers, the four largest local companies in the segment, were sued by Chinese polyurethane mattress maker Healthcare Co. under antitrust law at the Intermediate People’s Court in Ningbo. Healthcare Co. had withdrawn the lawsuit in May.

    Recommended for You
    China moves to meet HCFC-141b phase out pledge
    China moves to meet HCFC-141b phase out pledge
    Record half at Kingspan, but orders start to dry up
    Record half at Kingspan, but orders start to dry up
    Tough polyol market takes shine of PCC Rokita in Q1
    Tough polyol market takes shine of PCC Rokita in Q1
    Latest Issue
    April/May 2022 issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
      • UTECH Europe 2021
    • Advertise
    • Contact Us
    • Issues
    • Subscribe