Oriental Yuhong Completes Acquisition of 60% Stake in Brazil's Novakem

To strengthen expectations guidance and industry self-regulation, the China Petroleum and Chemical Industry Federation organized relevant professional associations and consulting agencies to analyze and assess the current capacity, output, apparent consumption, imports and exports, planned and under-construction capacity, and the capacity and market demand five years from now for some chemical raw materials and new chemical materials. The results show that 15 products face the risk of market oversupply. Among them: propylene oxide, epichlorohydrin, acrylonitrile, polyvinyl chloride, chlorinated paraffin, polysiloxane, acrylonitrile-butadiene-styrene terpolymer (ABS), poly(butylene adipate-co-terephthalate) (PBAT), polyether polyols, 1,4-butanediol (BDO), nylon 66, and vinyl acetate are 12 products classified as high-risk; polypropylene, soda ash, and titanium dioxide are 3 products classified as relatively high-risk.

Beijing Waterproof Technology Co., Ltd. announced on February 14th that the acquisition of 60% equity in Brazil Novakem Indústria Química Ltda. by its wholly-owned subsidiary, Oriental Yuhong Brazil Co., Ltd., has been completed. The core decision for this transaction was approved by the company's board of directors in December 2025, with a transaction price of approximately 108 million Brazilian Reals (approximately 144 million RMB at the exchange rate on the signing date).

Recently, all four production lines of Tian Ding Feng's Saudi factory, a core non-woven fabric enterprise under Oriental Yuhong, have been put into full operation, marking the further improvement of the company's global capacity layout and the acceleration of its internationalization strategy. At the same time, Tian Ding Feng's Changde factory was awarded the title of "National Green Factory." According to the company, Tian Ding Feng's Changde factory has continuously tackled challenges in energy decarbonization, resource efficiency, and cleaner production by implementing a series of practical measures such as energy-saving renovation of air compressors, power quality management, deployment of photovoltaic energy storage systems, and recycling of production resources, resulting in significant achievements in green production.

According to the China Trade Remedy Information Network, on February 10, 2026, the U.S. Department of Commerce issued an announcement regarding the third affirmative final determination of the antidumping sunset review on polyethylene terephthalate (PET) film imported from China and the United Arab Emirates. The Department ruled that the revocation of the existing antidumping duties would likely lead to the continuation or recurrence of dumping of the subject products from China at a dumping margin of 76.72%, and from the United Arab Emirates at a dumping margin of 4.05%. The U.S. Harmonized Tariff Schedule (HTSUS) number for the products involved is 3920.62.00.90.

Recently, Heng Hui Security (300952.SZ) stated on its interactive platform that the company's 4,800-ton ultra-high molecular weight polyethylene fiber project is progressing smoothly. Some production lines have been completed and achieved stable mass production, and the product quality and supply capacity have been highly recognized by downstream customers. In 2026, the overall project will be in a stage of steady capacity ramp-up. The company will reasonably arrange and release capacity in stages, combining production line debugging, process optimization, market expansion rhythm, and downstream order acquisition, striving to achieve full capacity release of the project before the end of 2026. This will further enhance the company's supply capacity and market competitiveness in the high-end fiber field, better supporting application needs in various fields such as safety protection, marine ropes and nets, commercial aerospace, robotics, and high-end composite materials.