BASF South Korea TDI Unit Maintenance Plan

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.

Overseas market news: BASF's TDI plant in Korea is scheduled for a planned maintenance shutdown from February 25 to March 15, 2026. The plant has an annual capacity of approximately 160,000 tons.

  On February 12, the British automotive industry faced severe challenges, with total car production in 2025 plummeting to 717,371 units, the lowest since 1956. Including commercial vehicles, the total output was 764,715 units, a year-on-year decrease of 15.5%, returning to 1952 levels. Compared to the 1.7 million units produced in 2016, the scale of the UK automotive industry has more than halved in less than a decade. Jaguar Land Rover, the UK's largest car manufacturer, suffered a cyberattack last year, leading to a factory shutdown for over a month, which dealt a significant blow to the industry. Commercial vehicle production fell by 62% in 2025, mainly due to Stellantis closing its Vauxhall plant in Luton, UK, and consolidating production operations at its Ellesmere Port plant in Cheshire. Furthermore, tariff policies have also impacted the UK automotive sector, with approximately 78% of car production destined for export. Last year, Trump imposed additional tariffs on British cars, raising them from 2.5% to 10%, which restricted exports from automakers such as Jaguar Land Rover and Aston Martin to the US. Nissan and Jaguar Land Rover's decision to halt production of several older models and adjust production lines in preparation for new generation electric vehicles also contributed to the decline in output.

According to the Tianyancha App, Shenzhen Blue Zeekr Automobile Sales and Service Co., Ltd. was recently established with Zhu Qiqian as its legal representative and a registered capital of 10 million RMB. Its business scope includes the sale of new energy vehicles, sale of new energy vehicle electrical accessories, retail of auto parts, wholesale of auto parts, sale of mechanical equipment, retail of hardware products, used car brokerage, and motor vehicle appraisal and evaluation. Shareholder information shows that the company is wholly owned by Zhejiang Zeekr Automobile Sales Co., Ltd.

The performance breakthroughs in 3D printing technology are crucial for the development of cutting-edge fields such as biomedicine, nanotechnology, and advanced manufacturing. Chinese scientists have developed a new 3D printing technology that can complete high-resolution 3D printing of millimeter-sized complex objects in just 0.6 seconds, setting a new record for the fastest 3D printing speed known to date. This achievement was published online in Nature in the early hours of the 12th.According to a Guotai Haitong Securities research report, the 3D printing market is experiencing rapid growth due to the increasing demand in the industrial sector for shorter R&D cycles, lightweight parts, and personalized/integrated molding, as well as the demand for personalized customization in the consumer sector. The global 3D printing market size is $21.9 billion in 2024 and is projected to reach $115 billion by 2034, with a CAGR of 18%. In China, the 3D printing industry market size is 41.9 billion yuan in 2024, with a CAGR of 19.42% from 2020 to 2024.