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USI Group Reports Mixed September Revenue Results Amid Market Shifts
Process Industries · Chemicals: Major Diversified · economic_daily · 2026-10-09
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USI Group's September revenue shows divergent performance, with USI Corp and Taita Chemical seeing growth while Asia Polymer and China General Plastics face year-on-year declines.
What Happened
Divergent Revenue Performance: The USI Group reported mixed September revenue results, with USI Corp and Taita Chemical achieving both monthly and annual growth. Conversely, Asia Polymer and China General Plastics experienced year-on-year declines, reflecting the varied impact of market conditions on their respective product portfolios.
Market Headwinds: Management noted that sustained high oil prices have driven up upstream raw material costs, creating pressure on profit margins. Furthermore, a slowdown in solar photovoltaic demand in China has negatively impacted prices for solar-grade EVA, forcing companies to pivot their sales strategies.
Strategic Product Shifts: To mitigate the impact of commodity market cycles, the group is increasing its focus on high-margin, niche products. USI Corp and Asia Polymer are prioritizing LDPE series products while reducing their reliance on the highly competitive solar-grade EVA market, while Taita Chemical continues to expand its presence in recycled materials and home appliance components.
Fourth Quarter Outlook: Industry participants anticipate that the fourth quarter will outperform the third, driven by traditional peak season demand in home appliances and electronics. Additionally, infrastructure demand in India and Southeast Asia is expected to support PVC pricing, helping the group strengthen its operational resilience heading into the end of the year.