Focus on vinyl! INEOS increases investment in Changzhou

On January 9, the project of INEOS high-performance composite material production and R&D center in Changzhou High-tech Zone was signed
.

INEOS Group Composite Materials Division invested in two companies in Changzhou, namely Changzhou INEOS Composite Materials Co.
, Ltd.
and Changzhou INEOS Special Materials Co.
, Ltd.

Among them, Changzhou Ineos Special Materials Co.
, Ltd.
is located in Binkai District, established in 2011, with a registered capital of 20 million US dollars, covering an area of about 100 acres, the main products are gel coat resin and adhesive, widely used in yachting, wind power, sanitary ware, transportation and other industries
.

This time, INEOS Group has increased its investment in Changzhou and is committed to building the Changzhou plant into a headquarters base integrating R&D, production and sales centers of INEOS Composites in China
.
The new project covers an area of 47 mu and is expected to start construction in the second quarter of 2023, with sales expected to exceed 600 million yuan
after reaching production.
The main products include 18,000 tons/year vinyl, high-performance unsaturated resin, etc.
, of which INEOS' vinyl products rank first in the world in terms of technological advancement, and are widely used in new energy electric vehicles, wind energy, environmental protection and other fields, which is one of the necessary materials used in combination with carbon fiber, and is also a national strategic emerging industry
.

In addition, INEOS Composites plans to relocate its R&D center and sales center in Shanghai to Changzhou High-tech Zone, which is the third largest R&D center of INEOS Composites after Dublin in the United States and Finland in Europe, mainly for the development and application
of high-performance specialty resins, carbon fiber resins and high-strength automotive resins.