Shanghai, China – Chinese polyurethane materials maker Hengguangda is to start a trial run at its new additive plant in Chizhou, Anhui province this September, the company told UTECH-polyurethane.com on the sidelines at PU China/UTECH Asia.
The plant broke ground in September 2020. It will have a capacity 3 kT/year for amine additives, 10 kT/year silicone additives, and 5 kT/year tin additives.
This is the company’s third site, in addition to one in Cangzhou, Hebei and another in Nantong, Jiangsu.
Hengguangda has expanded from being just an additive maker to a supplier of comprehensive PU materials. These include modified MDI, PU systems, waterborne coatings as well as downstream products such as auto seating and memory pillows.
The company has self-developed formula for all its products, and is able to offer competitive price value with its own feedstock facilities, its general manager Ji Fuxiang said.
Hengguangda had CNY300m ($46m) sales in 2020, up from CNY180m a year ago, Ji said. The company expects this year’s sales to reach CNY500m.