China's BDO and PVA industries are facing an overcapacity caused by overlapping investment. In recent years, attracted by high profit margin of BDO and PVA, many companies invest in the two industries without serious consideration.
Several domestic listed companies failed to show a good performance in 2012, such as Global Bio-Chem Technology Group Co., Ltd. who suffered an operating loss in its polyol chemicals business and Shenzhen Rainbow Fine Chemical Industry Co., Ltd. who witnessed an operating loss in its biodegradable plastic business. In contrast, some foreign companies still carried out their investment plans step by step. For example, Lenzing strengthened it's leading position by constructing a jumbo TENCEL® production line at the plant in its headquarters.
In addition, some technological achievements have been made in China. In March 2013, a 1,000t/a biological SA pilot production line owned by the Research Institute of Sinopec Yangzi Petrochemical Company Ltd. was put into production, and it is the first industrialized biological SA production line in China. In the same period, two kinds of hydrolysis stabilizer have been developed by the Shanxi Provincial Institute of Chemical Industry.
China's PLA foreign trade improved in March 2013, while the imports of cassava and castor oil and its derivatives also increased.
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