Summary of new paint projects in September | Chinese and foreign capital collectively invest in the Chinese market

75em; text-indent: 2em;">With the end of September, the third quarter has come to a successful conclusion.
In September, for the domestic and foreign capital markets, it can be described as an experience of two days of ice and fire.
On the one hand, with the further aggravation of the foreign epidemic situation, many foreign-funded companies such as Dow, BASF and other international chemical giants have recently laid off employees and closed factories in order to reduce corporate transportation costs, so that the company can survive in the severe market environment.
On the one hand, with the strong control of the epidemic in the Chinese market, domestic companies such as Sankeshu, Dongfang Yuhong, and foreign capital such as Wacker Chemicals and Haihong Older are investing non-stop in the Chinese market, expressing full confidence in the prospects of the Chinese market.
.

With the end of September, the third quarter has come to a successful conclusion.
In September, for the domestic and foreign capital markets, it can be described as an experience of two days of ice and fire.
On the one hand, with the further aggravation of the foreign epidemic situation, many foreign-funded companies such as Dow, BASF and other international chemical giants have recently laid off employees and closed factories in order to reduce corporate transportation costs, so that the company can survive in the severe market environment.
On the one hand, with the strong control of the epidemic in the Chinese market, domestic companies such as Sankeshu, Dongfang Yuhong, and foreign capital such as Wacker Chemicals and Haihong Older are investing non-stop in the Chinese market, expressing full confidence in the prospects of the Chinese market.
.

75em; text-indent: 2em;">The following is a summary of the paint project in September by the editor of Ai Tubang.

75em; text-indent: 2em;">The following is a summary of the paint project in September by the editor of Ai Tubang.

The following is a summary of the paint project in September by the editor of Ai Tubang.

75em; text-indent: 2em;">Domestic enterprises

75em; text-indent: 2em;">Domestic enterprises

75em; text-indent: 2em;">Domestic enterprises

75em; text-indent: 2em;">Domestic enterprises

75em; text-indent: 2em;">Domestic enterprises

75em; text-indent: 2em;">Domestic enterprises

75em; text-indent: 2em;">Domestic enterprises

Domestic enterprises

75em; text-indent: 2em;">Three trees

75em; text-indent: 2em;">Three trees

75em; text-indent: 2em;">Three trees

Three trees

75em; text-indent: 2em;">Invest 3.

6 billion yuan to build a new Puyang green coating industry base

75em; text-indent: 2em;">Invest 3.

6 billion yuan to build a new Puyang green coating industry base

Invest 3.
6 billion yuan to build a new Puyang green coating industry base

75em; text-indent: 2em;">On September 1, Sankeshu signed a project investment agreement with the People's Government of Puyang City, Henan Province in Shanghai.

The contracted project of Sankeshu is located in Puyang Industrial Park, Henan, with an estimated total investment of 3.
6 billion yuan and an annual output value of 5 billion yuan.
It is planned to cover an area of ​​nearly 300 acres and will be implemented in two phases.
The estimated output value is about 2 to 3 billion yuan.
After the project is completed, it will become the northern architectural coatings and building materials headquarters base of Sankeshu Co.
, Ltd.

75em; text-indent: 2em;">On September 1, Sankeshu signed a project investment agreement with the People's Government of Puyang City, Henan Province in Shanghai.
The contracted project of Sankeshu is located in Puyang Industrial Park, Henan, with an estimated total investment of 3.
6 billion yuan and an annual output value of 5 billion yuan.
It is planned to cover an area of ​​nearly 300 acres and will be implemented in two phases.
The estimated output value is about 2 to 3 billion yuan.
After the project is completed, it will become the northern architectural coatings and building materials headquarters base of Sankeshu Co.
, Ltd.
and the only green coatings industrial base of the whole industry chain in China.
The implementation of this project is expected to introduce 20 to 30 supporting entire industrial chain projects for Puyang City.

On September 1, Sankeshu signed a project investment agreement with the People's Government of Puyang City, Henan Province in Shanghai.
The contracted project of Sankeshu is located in Puyang Industrial Park, Henan, with an estimated total investment of 3.
6 billion yuan and an annual output value of 5 billion yuan.
It is planned to cover an area of ​​nearly 300 acres and will be implemented in two phases.
The estimated output value is about 2 to 3 billion yuan.
After the project is completed, it will become the northern architectural coatings and building materials headquarters base of Sankeshu Co.
, Ltd.
and the only green coatings industrial base of the whole industry chain in China.
The implementation of this project is expected to introduce 20 to 30 supporting entire industrial chain projects for Puyang City.

75em; text-indent: 2em;">

75em; text-indent: 2em;">

75em; text-indent: 2em;">Project significance: After the base is completed, it will further improve the strategic layout and production capacity layout of Sankeshu, and cooperate with Sankeshu's 9 production bases across the country to build an intelligent ecological supply chain of "multiple, fast, good and economical".

75em; text-indent: 2em;">Project significance: After the base is completed, it will further improve the strategic layout and production capacity layout of Sankeshu, and cooperate with Sankeshu's 9 production bases across the country to build an intelligent ecological supply chain of "multiple, fast, good and economical".

75em; text-indent: 2em;">Project significance: After the base is completed, it will further improve the strategic layout and production capacity layout of Sankeshu, and cooperate with Sankeshu's 9 production bases across the country to build an intelligent ecological supply chain of "multiple, fast, good and economical".

75em; text-indent: 2em;">Project significance: After the base is completed, it will further improve the strategic layout and production capacity layout of Sankeshu, and cooperate with Sankeshu's 9 production bases across the country to build an intelligent ecological supply chain of "multiple, fast, good and economical".

Project significance: After the base is completed, it will further improve the strategic layout and production capacity layout of Sankeshu, and cooperate with Sankeshu's 9 production bases across the country to build an intelligent ecological supply chain of "multiple, fast, good and economical".

75em; text-indent: 2em;">Oriental Yuhong

75em; text-indent: 2em;">Oriental Yuhong

75em; text-indent: 2em;">Oriental Yuhong

Oriental Yuhong

75em; text-indent: 2em;">Invest 3 billion yuan to build a new production base

75em; text-indent: 2em;">Invest 3 billion yuan to build a new production base

Invest 3 billion yuan to build a new production base

75em; text-indent: 2em;">On September 3, Oriental Yuhong announced that the company signed a "Project Investment Agreement" with the Jiangjin District Government of Chongqing City.

The agreement stipulates that the company intends to invest 1.
4 billion yuan in the construction of the Oriental Yuhong Green Building Materials Production Base and Chengdu-Chongqing Jiangjin District.
Regional headquarters project.
The total investment of the production base project is estimated to be 1.
2 billion yuan, and the average annual output value is expected to be no less than 2 billion yuan within 3 years after the project is completed and put into production.

75em; text-indent: 2em;">On September 22, Dongfang Yuhong signed the "Project Investment Agreement" with the Jiutai District People's Government of Changchun City.

The agreement stipulates that the company intends to invest 1.
8 billion yuan in the construction of the Dongfang Yuhong green building materials production base project and area in Jiutai District, Changchun City.
Headquarters project.
The project has a total land area of ​​400 mu.

75em; text-indent: 2em;">On September 3, Oriental Yuhong announced that the company signed a "Project Investment Agreement" with the Jiangjin District Government of Chongqing City.
The agreement stipulates that the company intends to invest 1.
4 billion yuan in the construction of the Oriental Yuhong Green Building Materials Production Base and Chengdu-Chongqing Jiangjin District.
Regional headquarters project.
The total investment of the production base project is estimated to be 1.
2 billion yuan, and the average annual output value is expected to be no less than 2 billion yuan within 3 years after the project is completed and put into production.

On September 3, Oriental Yuhong announced that the company signed a "Project Investment Agreement" with the Jiangjin District Government of Chongqing City.
The agreement stipulates that the company intends to invest 1.
4 billion yuan in the construction of the Oriental Yuhong Green Building Materials Production Base and Chengdu-Chongqing Jiangjin District.
Regional headquarters project.
The total investment of the production base project is estimated to be 1.
2 billion yuan, and the average annual output value is expected to be no less than 2 billion yuan within 3 years after the project is completed and put into production.

75em; text-indent: 2em;">On September 22, Dongfang Yuhong signed the "Project Investment Agreement" with the Jiutai District People's Government of Changchun City.

The agreement stipulates that the company intends to invest 1.
8 billion yuan in the construction of the Dongfang Yuhong green building materials production base project and area in Jiutai District, Changchun City.

On September 22, Dongfang Yuhong signed the "Project Investment Agreement" with the Jiutai District People's Government of Changchun City.

75em; text-indent: 2em;">Project significance: Since the end of June, Oriental Yuhong has invested more than 10 billion yuan across the country.

At the same time, Oriental Yuhong's investment field has gradually expanded to coatings, insulation, mortar, putty, and green building materials.
Oriental Yuhong has gradually developed into a comprehensive service company that extends upstream and downstream and related industrial chains with the main waterproof business as the core.

75em; text-indent: 2em;">Project significance: Since the end of June, Oriental Yuhong has invested more than 10 billion yuan across the country.
At the same time, Oriental Yuhong's investment field has gradually expanded to coatings, insulation, mortar, putty, and green building materials.
Oriental Yuhong has gradually developed into a comprehensive service company that extends upstream and downstream and related industrial chains with the main waterproof business as the core.

75em; text-indent: 2em;">Project significance: Since the end of June, Oriental Yuhong has invested more than 10 billion yuan across the country.
At the same time, Oriental Yuhong's investment field has gradually expanded to coatings, insulation, mortar, putty, and green building materials.
Oriental Yuhong has gradually developed into a comprehensive service company that extends upstream and downstream and related industrial chains with the main waterproof business as the core.

75em; text-indent: 2em;">Project significance: Since the end of June, Oriental Yuhong has invested more than 10 billion yuan across the country.
At the same time, Oriental Yuhong's investment field has gradually expanded to coatings, insulation, mortar, putty, and green building materials.
Oriental Yuhong has gradually developed into a comprehensive service company that extends upstream and downstream and related industrial chains with the main waterproof business as the core.

Project significance: Since the end of June, Oriental Yuhong has invested more than 10 billion yuan across the country.
At the same time, Oriental Yuhong's investment field has gradually expanded to coatings, insulation, mortar, putty, and green building materials.
Oriental Yuhong has gradually developed into a comprehensive service company that extends upstream and downstream and related industrial chains with the main waterproof business as the core.

75em; text-indent: 2em;">Nantian Paint

75em; text-indent: 2em;">Nantian Paint

75em; text-indent: 2em;">Nantian Paint

Nantian Paint

75em; text-indent: 2em;">New East China production base

75em; text-indent: 2em;">New East China production base

New East China production base

75em; text-indent: 2em;">On September 6, the cooperation signing ceremony between Guangdong Nantian Paint Co.

, Ltd.
and Anhui Kailin New Materials Co.
, Ltd.
was held in Anhui Tongcheng Industrial Park.
The production base area of ​​the district covers an area of ​​160 acres, with an output of 100,000 tons of production base, which is Nantian Paint's business layout for East China.

75em; text-indent: 2em;">On September 6, the cooperation signing ceremony between Guangdong Nantian Paint Co.
, Ltd.
and Anhui Kailin New Materials Co.
, Ltd.
was held in Anhui Tongcheng Industrial Park.
The production base area of ​​the district covers an area of ​​160 acres, with an output of 100,000 tons of production base, which is Nantian Paint's business layout for East China.

On September 6, the cooperation signing ceremony between Guangdong Nantian Paint Co.
, Ltd.
and Anhui Kailin New Materials Co.
, Ltd.
was held in Anhui Tongcheng Industrial Park.
The production base area of ​​the district covers an area of ​​160 acres, with an output of 100,000 tons of production base, which is Nantian Paint's business layout for East China.

75em; text-indent: 2em;">

75em; text-indent: 2em;">

75em; text-indent: 2em;">Project significance: The start-up of Nantian East China production base means that Nantian Coatings has reached a new level of development, and it is also an important link for Nantian's comprehensive national strategy and expansion of the company.
The cooperation between Nantian Coatings and Kailin New Materials to jointly deepen the East China coatings industry will help give full play to the advantages of both parties in their respective brands, channels, and marketing, and achieve a win-win situation in the coatings field.

75em; text-indent: 2em;">Project significance: The start-up of Nantian East China production base means that Nantian Coatings has reached a new level of development, and it is also an important link for Nantian's comprehensive national strategy and expansion of the company.
The cooperation between Nantian Coatings and Kailin New Materials to jointly deepen the East China coatings industry will help give full play to the advantages of both parties in their respective brands, channels, and marketing, and achieve a win-win situation in the coatings field.

75em; text-indent: 2em;">Project significance: The start-up of Nantian East China production base means that Nantian Coatings has reached a new level of development, and it is also an important link for Nantian's comprehensive national strategy and expansion of the company.
The cooperation between Nantian Coatings and Kailin New Materials to jointly deepen the East China coatings industry will help give full play to the advantages of both parties in their respective brands, channels, and marketing, and achieve a win-win situation in the coatings field.

75em; text-indent: 2em;">Project significance: The start-up of Nantian East China production base means that Nantian Coatings has reached a new level of development, and it is also an important link for Nantian's comprehensive national strategy and expansion of the company.
The cooperation between Nantian Coatings and Kailin New Materials to jointly deepen the East China coatings industry will help give full play to the advantages of both parties in their respective brands, channels, and marketing, and achieve a win-win situation in the coatings field.

Project significance: The start-up of Nantian East China production base means that Nantian Coatings has reached a new level of development, and it is also an important link for Nantian's comprehensive national strategy and expansion of the company.
The cooperation between Nantian Coatings and Kailin New Materials to jointly deepen the East China coatings industry will help give full play to the advantages of both parties in their respective brands, channels, and marketing, and achieve a win-win situation in the coatings field.

75em; text-indent: 2em;">Xinhe New Material

75em; text-indent: 2em;">Xinhe New Material

75em; text-indent: 2em;">Xinhe New Material

Xinhe New Material

75em; text-indent: 2em;">780 million yuan to build a new paint project with an annual output of 100,000 tons

75em; text-indent: 2em;">780 million yuan to build a new paint project with an annual output of 100,000 tons

780 million yuan to build a new paint project with an annual output of 100,000 tons

75em; text-indent: 2em;">Sino New Materials Co.
, Ltd.
plans to invest a total of 780 million yuan to build a new project with an annual output of 500 tons of graphene powder and large-scale graphene derivative products, 100,000 tons of paint, 12,000 tons of graphene modified emulsion, resin and plastic masterbatch.
It is reported that this project is the opportunity for Sino Company to use the relocation opportunity to fully upgrade the existing production technology and environmental protection facilities.
The relocation and upgrading project of the project includes the use of some of the existing engineering equipment and the new construction of the new site.

75em; text-indent: 2em;">Sino New Materials Co.
, Ltd.
plans to invest a total of 780 million yuan to build a new project with an annual output of 500 tons of graphene powder and large-scale graphene derivative products, 100,000 tons of paint, 12,000 tons of graphene modified emulsion, resin and plastic masterbatch.
It is reported that this project is the opportunity for Sino Company to use the relocation opportunity to fully upgrade the existing production technology and environmental protection facilities.
The relocation and upgrading project of the project includes the use of some of the existing engineering equipment and the new construction of the new site.

Sino New Materials Co.
, Ltd.
plans to invest a total of 780 million yuan to build a new project with an annual output of 500 tons of graphene powder and large-scale graphene derivative products, 100,000 tons of paint, 12,000 tons of graphene modified emulsion, resin and plastic masterbatch.
It is reported that this project is the opportunity for Sino Company to use the relocation opportunity to fully upgrade the existing production technology and environmental protection facilities.
The relocation and upgrading project of the project includes the use of some of the existing engineering equipment and the new construction of the new site.

75em; text-indent: 2em;">Project significance: Xinhe New Materials is one of the important domestic suppliers of industrial coatings and architectural coatings, especially in the domestic leading position in the field of construction machinery coatings.
It currently has two production bases in Quanzhou and Suzhou.
This round of project expansion and production technology The upgrade is of great significance to the expansion of the market, the improvement of production efficiency and product quality.

75em; text-indent: 2em;">Project significance: Xinhe New Materials is one of the important domestic suppliers of industrial coatings and architectural coatings, especially in the domestic leading position in the field of construction machinery coatings.
It currently has two production bases in Quanzhou and Suzhou.
This round of project expansion and production technology The upgrade is of great significance to the expansion of the market, the improvement of production efficiency and product quality.

75em; text-indent: 2em;">Project significance: Xinhe New Materials is one of the important domestic suppliers of industrial coatings and architectural coatings, especially in the domestic leading position in the field of construction machinery coatings.
It currently has two production bases in Quanzhou and Suzhou.
This round of project expansion and production technology The upgrade is of great significance to the expansion of the market, the improvement of production efficiency and product quality.

75em; text-indent: 2em;">Project significance: Xinhe New Materials is one of the important domestic suppliers of industrial coatings and architectural coatings, especially in the domestic leading position in the field of construction machinery coatings.
It currently has two production bases in Quanzhou and Suzhou.
This round of project expansion and production technology The upgrade is of great significance to the expansion of the market, the improvement of production efficiency and product quality.

Project significance: Xinhe New Materials is one of the important domestic suppliers of industrial coatings and architectural coatings, especially in the domestic leading position in the field of construction machinery coatings.
It currently has two production bases in Quanzhou and Suzhou.
This round of project expansion and production technology The upgrade is of great significance to the expansion of the market, the improvement of production efficiency and product quality.

75em; text-indent: 2em;">Foreign-funded enterprises

75em; text-indent: 2em;">Foreign-funded enterprises

75em; text-indent: 2em;">Foreign-funded enterprises

75em; text-indent: 2em;">Foreign-funded enterprises

75em; text-indent: 2em;">Foreign-funded enterprises

75em; text-indent: 2em;">Foreign-funded enterprises

75em; text-indent: 2em;">Foreign-funded enterprises

Foreign-funded enterprises

75em; text-indent: 2em;">Wacker Chemie

75em; text-indent: 2em;">Wacker Chemie

75em; text-indent: 2em;">Wacker Chemie

Wacker Chemie

75em; text-indent: 2em;">680 million yuan to invest in the construction of emulsion/latex powder project

75em; text-indent: 2em;">680 million yuan to invest in the construction of emulsion/latex powder project

680 million yuan to invest in the construction of emulsion/latex powder project

75em; text-indent: 2em;">Wacker Chemie (Nanjing) Co.
, Ltd.
(hereinafter referred to as "WACKER Nanjing") plans to invest a total of 680 million yuan to build a project with an annual output of 146,000 tons of VAE emulsion and an annual output of 107,000 tons of VAE redispersible latex powder.
It is reported that the project is located in the existing plant area and does not occupy new land.
It mainly builds an emulsion polymerization workshop, a latex powder workshop and a TO furnace, and at the same time expands some public and auxiliary projects.

75em; text-indent: 2em;">Wacker Chemie (Nanjing) Co.
, Ltd.
(hereinafter referred to as "WACKER Nanjing") plans to invest a total of 680 million yuan to build a project with an annual output of 146,000 tons of VAE emulsion and an annual output of 107,000 tons of VAE redispersible latex powder.
It is reported that the project is located in the existing plant area and does not occupy new land.
It mainly builds an emulsion polymerization workshop, a latex powder workshop and a TO furnace, and at the same time expands some public and auxiliary projects.

Wacker Chemie (Nanjing) Co.
, Ltd.
(hereinafter referred to as "WACKER Nanjing") plans to invest a total of 680 million yuan to build a project with an annual output of 146,000 tons of VAE emulsion and an annual output of 107,000 tons of VAE redispersible latex powder.
It is reported that the project is located in the existing plant area and does not occupy new land.
It mainly builds an emulsion polymerization workshop, a latex powder workshop and a TO furnace, and at the same time expands some public and auxiliary projects.

75em; text-indent: 2em;">Project significance: As a company specializing in the production and sales of redispersible latex powders, emulsions, and surface coating resins, WACKER Nanjing has now built 2 VAE emulsion production lines and 1 resin production line.
This expansion project uses the latest polymer The production process of vinyl acetate-ethylene poly emulsion greatly enhances the advancement and maturity of its production process.

75em; text-indent: 2em;">Project significance: As a company specializing in the production and sales of redispersible latex powders, emulsions, and surface coating resins, WACKER Nanjing has now built 2 VAE emulsion production lines and 1 resin production line.
This expansion project uses the latest polymer The production process of vinyl acetate-ethylene poly emulsion greatly enhances the advancement and maturity of its production process.

75em; text-indent: 2em;">Project significance: As a company specializing in the production and sales of redispersible latex powders, emulsions, and surface coating resins, WACKER Nanjing has now built 2 VAE emulsion production lines and 1 resin production line.
This expansion project uses the latest polymer The production process of vinyl acetate-ethylene poly emulsion greatly enhances the advancement and maturity of its production process.

75em; text-indent: 2em;">Project significance: As a company specializing in the production and sales of redispersible latex powders, emulsions, and surface coating resins, WACKER Nanjing has now built 2 VAE emulsion production lines and 1 resin production line.
This expansion project uses the latest polymer The production process of vinyl acetate-ethylene poly emulsion greatly enhances the advancement and maturity of its production process.

Project significance: As a company specializing in the production and sales of redispersible latex powders, emulsions, and surface coating resins, WACKER Nanjing has now built 2 VAE emulsion production lines and 1 resin production line.
This expansion project uses the latest polymer The production process of vinyl acetate-ethylene poly emulsion greatly enhances the advancement and maturity of its production process.

75em; text-indent: 2em;">Old Man Haihong

75em; text-indent: 2em;">Old Man Haihong

75em; text-indent: 2em;">Old Man Haihong

Old Man Haihong

75em; text-indent: 2em;">New plant in Zhangjiagang breaks ground

75em; text-indent: 2em;">New plant in Zhangjiagang breaks ground

New plant in Zhangjiagang breaks ground

75em; text-indent: 2em;">On September 22, under the leadership of Mr.
Mei Xiaodong, Vice President of Haihong Elderly Group and President of North Asia, Haihong Elderly held a groundbreaking ceremony at the new plant in Zhangjiagang.
The new plant is located in Yangzijiang International Chemical Industrial Park, Zhangjiagang City, Jiangsu Province; it covers an area of ​​136,000 square meters; after completion, it will mainly produce high-solid paints, solvent-free paints, water-based paints, antifouling paints and other products; the project investment is 1.
7 100 million US dollars, equivalent to about 1.
16 billion yuan, after completion, the annual production capacity is expected to reach 200,000 tons.

75em; text-indent: 2em;">On September 22, under the leadership of Mr.
Mei Xiaodong, Vice President of Haihong Elderly Group and President of North Asia, Haihong Elderly held a groundbreaking ceremony at the new plant in Zhangjiagang.
The new plant is located in Yangzijiang International Chemical Industrial Park, Zhangjiagang City, Jiangsu Province; it covers an area of ​​136,000 square meters; after completion, it will mainly produce high-solid paints, solvent-free paints, water-based paints, antifouling paints and other products; the project investment is 1.
7 100 million US dollars, equivalent to about 1.
16 billion yuan, after completion, the annual production capacity is expected to reach 200,000 tons.

On September 22, under the leadership of Mr.
Mei Xiaodong, Vice President of Haihong Elderly Group and President of North Asia, Haihong Elderly held a groundbreaking ceremony at the new plant in Zhangjiagang.
The new plant is located in Yangzijiang International Chemical Industrial Park, Zhangjiagang City, Jiangsu Province; it covers an area of ​​136,000 square meters; after completion, it will mainly produce high-solid paints, solvent-free paints, water-based paints, antifouling paints and other products; the project investment is 1.
7 100 million US dollars, equivalent to about 1.
16 billion yuan, after completion, the annual production capacity is expected to reach 200,000 tons.

75em; text-indent: 2em;">

75em; text-indent: 2em;">

75em; text-indent: 2em;">Project significance: This groundbreaking ceremony is the second time Haihong Elderly will hold a groundbreaking ceremony for a new factory in China in 2020.
The new plant in Zhangjiagang and the new plant in Yantai have a total investment of US$270 million, which will significantly enhance Haihong's overall production capacity in China.

75em; text-indent: 2em;">Project significance: This groundbreaking ceremony is the second time Haihong Elderly will hold a groundbreaking ceremony for a new factory in China in 2020.
The new plant in Zhangjiagang and the new plant in Yantai have a total investment of US$270 million, which will significantly enhance Haihong's overall production capacity in China.

75em; text-indent: 2em;">Project significance: This groundbreaking ceremony is the second time Haihong Elderly will hold a groundbreaking ceremony for a new factory in China in 2020.
The new plant in Zhangjiagang and the new plant in Yantai have a total investment of US$270 million, which will significantly enhance Haihong's overall production capacity in China.

75em; text-indent: 2em;">Project significance: This groundbreaking ceremony is the second time Haihong Elderly will hold a groundbreaking ceremony for a new factory in China in 2020.
The new plant in Zhangjiagang and the new plant in Yantai have a total investment of US$270 million, which will significantly enhance Haihong's overall production capacity in China.

Project significance: This groundbreaking ceremony is the second time Haihong Elderly will hold a groundbreaking ceremony for a new factory in China in 2020.
The new plant in Zhangjiagang and the new plant in Yantai have a total investment of US$270 million, which will significantly enhance Haihong's overall production capacity in China.