Chizhou, Anhui – China’s PU additives maker Hengguangda on September 19 broke ground on a new plant with 18kT/year PU additives and 10kT/year PU systems.
The CNY300m ($45m) plant is located at its existing site in Chizhou’s Dongzhi Economic Development Zone.
The additives capacity breaks down as:
- 3 kT/year amine additives;
- 10 kT/year silicone additives; and
- 5 kT/year tin additives.
The project is expected to generate CNY968m annual sales, said local government.
Originally the plant contained capacity for 100,000 unit/year high-speed train and aeroplane seating capacity, but this was cancelled earlier this year because of market conditions and restraints at the site. The company told UTECH-polyurethane.com that this remains cancelled.
Hengguangda claimed a 63% share of the Chinese market for its tin additives this year. Its share of the silicones market fell slightly to 21.4%. The market share for amines has dropped from 20% to 15.3%, said the company’s website.