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
January 21, 2019 12:00 AM

Chinese PU leather maker Anli turns profit in 2018

Simon Robinson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Hefei, Anhui – Anli, a PU leather maker in China, expects at least CNY 19m ($2.8m) net profit in 2018, compared with CNY 17m net loss in 2017.

    Binh Duong, Home of Anli's Vietnam factory. Credit: NhatTienLe

    Revenue in 2018 increased by 12.5% from 2017 to CNY 1.7bn, the company said in an announcement.

    Sales volume of synthetic PU leather grew by 10% year on year to nearly 6700 km. Average selling prices were up by 6% from 2017, thanks to an adjustment in its portfolio that means it now includes more high value added products, the announcement said.

    The 2018 average price is also 9% higher than price at the beginning of the year, it added.

    Anli spent CNY 83m on R&D last year, roughly the same as the previous year.

    The company had extra costs in 2018 as a result of tightened environmental regulations, but there was also an increase in government subsidies.

    Anli has acquired a Russian competitor, and set up a Vietnamese subsidiary to build a new plant in the country.

    Last August, Anli brought new investors in to the Vietnamese business, including Japanese synthetic leather maker Shima and Beijing Futai Leather Base Fabric. This raised the subsidiary’s registered capital to $5m, and reduced its own stake from 100% to 60%.

    Currency Conversion: Xe.com

    Recommended for You
    Pearl Polyurethane and Covestro cooperate on climate-neutral MDI
    Pearl Polyurethane and Covestro cooperate on climate-neutral MDI
    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
    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