China's auxiliaries manufacturer Hengguangda Chemical Technology Co., Ltd. will expand its modified MDI capacity at its new plant in Nantong, Jiangsu.
It is expected that this 10,000 ton/year expansion project will begin in October 2019.
Hengguangda claims to be the only manufacturer of polyurethane catalysts covering all three major types of additives in China, including tins, amines and silicones. The company also claims to be the largest producer of soft foam catalysts, accounting for 16% of the Chinese market.
The company said that in the past three years, the price of China's modified MDI has tripled to 30,000/ton ($4,391/ton).
The company hopes to create more synergies between the catalyst and its new slow rebound foam business.
Hengguangda has developed rapidly in the past few years. The company's revenue in 2017 was US$260 million, an increase of nearly 40% compared with 2016. In the first half of 2018, the company's sales increased by 60% year-on-year.