Falling global raw material prices help Sheela Foam’s profit margins | Business Standards News

2021-12-14 11:35:11 By : Mr. guangfa zhang

Theme Sheela Bubble | Market

Yash Upadhyaya was last updated on December 3, 2020 23:20 IST

The lifting of "force majeure" by the world's largest TDI (toluene diisocyanate) manufacturer is regarded as a key benefit for Sleepwell mattress manufacturer Sheela Foam. With the recovery and steady growth of the TDI plants of Covestro and BASF in Germany, TDI prices have fallen by nearly 30% from their peak in September.

TDI is a key raw material for the manufacture of polyurethane (PU) foam used in mattresses, furniture and car seat covers. TDI and polyols together account for about. Sheela 73% of the total cost of raw materials...

The key stories on business-standard.com are only available for premium subscribers.

Note: The subscription will automatically renew, and you can cancel at any time in the future without asking any questions.

Note: The subscription will automatically renew, and you can cancel at any time in the future without asking any questions.

Business Standard has always been committed to providing the latest information and comments on developments you are interested in, and has a wider political and economic impact on the country and the world. Your encouragement and constant feedback on how to improve our products will only make us more firmly committed to these ideals. Even in these difficult times caused by Covid-19, we will continue to work to let you know and update reliable news, authoritative opinions and insightful comments on relevant hot issues. However, we have a requirement. As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received positive responses from many people who subscribe to our online content. More subscriptions to our online content will only help us achieve our goal of providing you with better and more relevant content. We believe in free, fair and credible news. The support you get through more subscriptions can help us live the journalism we promised. Support high-quality news and subscribe to commercial standards. Digital editor

Copyright © 2021 Business Standards Pte Ltd. all rights reserved.

Business Standard is pleased to inform you of the launch of "Business Standard Advanced Service"

As a premium subscriber, you have unlimited access to a range of services across devices, including:

Welcome to use the quality service of Business Standard provided by FIS. Please visit the Manage My Subscription page to learn about the benefits of this program. Enjoy reading! Team Business Standard