On May 5, local time, Kemu released its first quarter 2020 financial report: net sales were $ 1.3 billion, down 7.1% year-on-year. Among them, the net sales of the fluorine materials business was US $ 600 million, which was a year-on-year decrease of 12.7% compared with US $ 687 million in the same period last year.

Affected by COVID-19 in several end markets in the Asia-Pacific region and the world, the weak demand for fluorine materials led to lower sales in the first quarter of this year than in the same period last year. Although the company’s business volume in the titanium dioxide business has increased, it has been offset by the negative impact caused by the reduction in the business volume of fluorine products and the decline in the average price of many other chemicals. The average price of fluorinated refrigerants fell by 4% year-on-year. The company blamed F-gas quota sales due to the illegal import of HFC refrigerants from the European Union.

The report also mentions that: at present, all the factories of Kemu said that they are affected by COVID-19 very little.