Guangzhou, China – Chinese polyol maker Lihong Technology Development plans to start up a new additive facility in October. The plant has 11kT/year capacity and is at the company's existing site in Huai’an, Jiangsu.
‘The profit margin for polyols has dropped to single digit percentage... additives still have a 20% to 30% rate.’ That is according to the company’s marketing director Dai Qiang. Qiang was talking to UTECH-polyurethane.com, on the sidelines of PU China 2019. The event was held in Guangzhou on 5-7 September.