allnex, a global leading supplier of industrial coating resins and additives, is proud to announce the formal establishment of allnex advanced Materials (Jiaxing) Co, Ltd.
In addition, allnex is to construct a world-class production base of environmentally-friendly high-performance resins, with the aim to promote green innovation and meet the growing demands of China and the global market on high-quality coatings, resins and additives.
The new production base is located in Dushan Port Economic Development Zone, Pinghu City, Jiaxing, Zhejiang Province, covering an area of about 100,000 square meters. With an initial constructional investment of US$200M, the new base will strictly abide by the world’s environmental protection standards, built into a world-class production base of industrial-environmental-protection resin. It is expected to be completed and put into production in 2022.
The project will be constructed in several phases with a total of 15 production lines; after completion, the main products including waterborne epoxy paint resins and curing agents, waterborne polyurethane resins, waterborne radiation curing resins, phenolic resins, polyester acrylic resins, amino resins, radiation curing resins and other special products, will be widely used in construction, home, high-speed rails, automotive, electronics, packaging inks and special-purpose coatings.
Miguel Mantas, Chief Executive Officer, said: "China is the largest single-country market and strategic base of allnex in the world. This investment shows allnex’s determination and confidence to grow in the region. With this new production base, allnex will continuously improve its service capacity and efficiency, deepen cooperation and innovation with customers, and contribute to the greener innovative transformation of China’s coating industry."
Referring to the new production base, Dr Zou Yi, President of allnex Greater China, said: "China has carried out eco-environmental protection laws and regulations, industrial facilities have been upgraded with automation and intelligence, and new infrastructure construction is accelerating. These factors have contributed to the demand for environmentally-friendly and high-performance resins by Chinese coating companies. With the support of the local government at all levels, we are pushing forward the construction of the new base, aimed to become a world class facility with the highest production capacity, fullest portfolio production lines, as well as the most intelligent and advanced technology level among all allnex’s global facilities."
