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Shanghai, China-On March 5, 2021, Allnex, the world's leading supplier of industrial coating resins and additives, announced the formal establishment of Allnex Technology Materials (Jiaxing) Co.
, Ltd.
, and at the same time comprehensively accelerated the construction of a world-class environmentally friendly high-performance resin production base , To promote green innovation to meet the growing demand for high-quality coating resins and additives in the Chinese and global markets.
The signing site of Dushan Port Economic Development Zone, Pinghu City and Allnex Resin
The new production base is located in Dushangang Economic Development Zone, Pinghu City, Jiaxing, Zhejiang.
It covers an area of about 150 acres.
The initial large-scale construction investment is about 200 million US dollars.
It will be built in accordance with world environmental protection standards to build a world-class industrial environmental protection resin production base in China.
It is expected to be completed and put into production in 2022 .
With economic development, technological progress and the improvement of people’s living standards, various industries are accelerating innovation, and coating products are developing in a more environmentally friendly, energy-saving and intelligent direction.
The market size of water-based and other environmentally friendly resins is also experiencing rapid growth.
Zhanxin Pinghu Dushan Port production base will build 15 production lines step by step according to market demand; after completion, it will mainly produce water-based epoxy coating resins and curing agents , water-based polyurethane resins, water-based radiation curing resins, phenolic coating resins, and polyester acrylate resins.
, Amino resins and radiation curing special resins are widely used in construction, home furnishing, high-speed rail, automobiles, electronics, packaging inks and special-purpose coatings.
Miguel Mantas, CEO of Allnex, said: "Allnex has invested and developed in China for more than 20 years.
China has become Allnex's largest single country market and strategic base in the world.
Talking about the new production base, Dr.
Zou Yi, President of Allnex Greater China, said: “In recent years, China’s ecological and environmental protection regulations have been intensively implemented.
Regarding this investment, Mu Yunan, Director of the Management Committee of Dushan Port Economic Development Zone, said: Dushan Port Economic Development Zone is committed to building a high-quality foreign-funded enterprise cluster area.
Allnex is a global leader in the field of industrial coatings and resins.
