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Illegal imports hit Chemours sales

USA: Chemours has blamed illegal refrigerant imports as a reason for a 6.15% drop in sales of its fluoroporoducts in the first quarter of the year.

In figures released today, Chemours reports that net sales for its fluoroproducts segment in the first quarter of 2019 were $687m in comparison to $732m in the same quarter last year.

Higher demand for R1234yf was said to have been more than offset by illegal imports, softer base refrigerant demand in North America, and supply constraints in fluoropolymers. 

Earnings of the Fluoroporoducts division were 23% down on the previous quarter at $159m, due to lower net sales and higher than anticipated costs related to operating issues, including the startup of the company’s Corpus Christi R1234yf facility.

Latest News

28th March 2024

Topical talks at Bath breakfast meeting

UK: The next South West South Wales Refrigeration Society breakfast briefing will feature talks from three experienced and knowledgable speakers on varied refrigeration and air conditioning topics.
28th March 2024

CO2 compressor for multiple applications

ITALY: Frascold’s new TK HD series transcritical CO2 compressors are designed for a wide range of refrigeration and air conditioning applications, as well as high-temperature heat pumps up to 100°C.
28th March 2024

Copeland releases 50hp scroll in Asia

CHINA: US compressor manufacturer Copeland is to launch a 50hp scroll for heat pump OEMs in Asia.
27th March 2024

Daikin redesigns Perfera R32 air conditioner

BELGIUM: Daikin Europe has announced a next generation All Seasons Perfera R32 air conditioner with redesigned indoor and outdoor units, making them easy to install and use.
27th March 2024

Press fittings go large

UK: Conex Bänninger has expanded its >B< MaxiPro range of press fittings with the addition of a 1⅝in fitting.
27th March 2024

Distilling the zero carbon benefits of heat pumps

IRELAND: An Irish distiller is now producing carbon neutral whiskeys following the installation of high temperature heat pumps from Finnish manufacturer Oilon.