Nippon Central China Headquarters with 1 billion investment in China Started

Since entering China, Nippon has grown together with the Chinese market, developed together, shared the huge dividends brought about by China ’s reform and market opening, and has achieved tangible and healthy development. With China becoming the world's second largest economy, the world's largest consumer market, the world's largest paint production and marketing market and the world's largest trading country, Nippon has also become China's largest paint company and will build the Chinese market It has become the Group's largest market in the world, and China has also become Nippon's most important strategic market.

The huge capacity of the Chinese market has brought broad prospects for growth. Consumption has become the "golden key" to start the "new golden era" of China's development. A rapidly developing Chinese consumer market "may soon shake the world." Therefore, although the production and sales volume has been ranked first in the Chinese paint industry for 22 consecutive years, in the "big change that has not occurred in a hundred years", Nippon hopes to continue to seize unprecedented opportunities to expand investment in China.

On April 26, the construction of the Libang Central China Regional Headquarters Project in Tongguan Industrial Park, Wangcheng Economic Development Zone was officially launched.

It is reported that the "Nippon New Materials Central China (Changsha) Production Base Project" was officially signed on July 31, 2019. The project plans to use 250 acres of land with a total investment of 1 billion yuan. After being fully completed, it will produce 1.9 million tons of various types of water-based paints, true stone texture paints, dry powder mortar products, 3 million square meters of energy-saving insulation and decoration integrated boards, and annual sales of 2 billion yuan. The first-phase project is expected to be completed and put into operation before the end of this year, achieving a double harvest of economic and social benefits.

It is reported that the new material industry is the leading industry in the Tongguan Industrial Park of Wangcheng Economic Development Zone. At present, quite powerful enterprises such as Minmetals New Energy and Xiangjiang Kansai have put into operation. The establishment and construction of Nippon New Materials has added a new dimension to the strength of the new material industry in the park. It will further amplify the industrial clustering effect, and will certainly add new kinetic energy to the sprint of the 100 billion-level industrial cluster in Wangcheng Economic Development Zone and enhance the core competitiveness of Wangcheng's new material industry.