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On December 22, Hengshui New Light New Materials Technology Co., Ltd. signed a contract for 50,000 tons of water-based industrial paint resin project with an annual output of 100,000 tons of water-based emulsions in Mingguang City, Anhui Province. It is reported that the total investment of the project is 1 billion yuan, the land area of 150 acres.Hengshui Xinguang is currently building factories in Hebei and County to
china
. With a total investment of 1.228 billion yuan, the project plans to build an annual output of 100,000 tons of water-based emulsions and 40,000 tons of water-based industrial lacquer resin production line, the annual output value will reach 1 billion yuan after completion, annual tax revenue of 100 million yuan. It is reported that the project was previously expected to be completed and put into operation by the end of June 2018.
Hebei Hengshui New Light New Materials Technology Co., Ltd. was established in 1984, is a research and development, production and sales as one of the integrated enterprises, in Hebei, Guangdong, Anhui has built 4 production bases, has now developed into a water-based emulsion polymers and water-based paint additives, such as 10 series of more than 100 varieties, annual comprehensive production capacity of more than 250,000 tons.