Asia
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Sales of new cars in China fell 81% in February 2020 compared with February 2019 as the coronavirus shutdown took effect, according to numbers from LMC Automotive.
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Sinomax, a flexible foam to sleep products company, 2019 sales were HK$ 2.997bn ($386 m) down 29.7% on the previous financial year.
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Wanhua posted CNY68bn ($10bn) annual revenue in 2019, down by 7% from 2018. Net profit fell by 35% to CNY10bn.
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China raised export tax rebate rates for a range of polyurethane materials such as TDI from 20 March.
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National polyol and diisocyanate producers and India's only listed flexible foam maker have all announced production shutdowns.
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Wanhua broke ground on a new site for diisocyanates and other chemicals in Fuzhou, Fujian province on March 24.
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While much of the world's output is grinding to a halt because of coronavirus, China is slowly emerging from its shutdowns by restarting production at factories and resuming some flights.
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