Investment of about 358.3 million Dewei annual output of 50,000 tons wind turbine blade resin and other products will be started soon

Recently, it is understood that the new factory of Shanghai Dewei Coating Co., Ltd. will start construction in early June. The factory covers an area of about 51 mu, and the construction cycle is expected to be 180 days.

It is reported that the total investment of the project is about 358.3 million yuan, among which the investment in fixed assets is about 259.6 million yuan. It is expected that the new plant will reach the main line in the fifth year after the construction starts, and the annual output value of reaching the main line will be about 2,176.5 million yuan, and the annual tax revenue will be about 52.98 million yuan.

Tianjin Dewei Coating Chemical Co., Ltd. is an enterprise engaged in the research and development, production and sales services of container coatings, Marine coatings, automotive coatings, powder coatings, wind power coatings and polymer new materials. Dewei polymer new materials include wind power blade resin and structural adhesive as well as power battery and energy storage adhesive. Dewei production plants are located in Qidong of Jiangsu Province, Jinshan of Shanghai (covering an area of 51 mu, under construction and expected to be put into production in the second half of 2023) and Linyi of Shandong Province (covering an area of 150 mu, under construction and expected to be put into production in the second half of 2023). Relevant data show that the sales volume of waterborne container coatings independently developed by Dewei has ranked first in the world for 6 consecutive years, with a market share as high as 45%. The sales revenue in the past three years is about 5.356 billion yuan.

Shanghai Dewei Coatings Co., Ltd. is a wholly-owned subsidiary of Tianjin Dewei Coatings Chemical Co., LTD., established in 2001. According to the data, Shanghai Dewei Coating Co., Ltd. acquired the equity of Carbon Valley Green Bay enterprise Zhongrui Company, and plans to invest in the construction of "annual capacity of 50 thousand tons of wind turbine blade resin, 10 thousand tons of new energy industrial glue, 15 thousand tons of high-performance powder coating, 2,500 tons of water-based automobile coating projects" in the existing factory.

For the specific situation of the new project, Li Invention, chairman of Shanghai Dewei Coating Co., Ltd. introduced: "The product of this project wind power resin is mainly used in the production of wind power blades, new energy industrial glue is mainly used in wind power blades and new energy automobile batteries, high-performance powder coatings can be used in various industrial fields, all belong to green environmental protection, low emission, low pollution products, is a strategic emerging industry, Formula, production process, energy saving and emission reduction and product performance are in the industry leading position ".

Li said: "The market demand for these products is large. It is estimated that in 2025, the domestic demand for wind power resin will be more than 320,000 tons, new energy industrial glue more than 60,000 tons, powder coating more than 2.12 million tons. But according to the current data statistics, domestic high-end epoxy wind power resin, high-performance powder coatings are basically monopolized by foreign enterprises.

According to reports, Shanghai Dewei New Energy has independently developed and designed a resin system and an adhesive system suitable for large-scale wind power generation blades of 100 meters long, the system has excellent mechanical and fatigue resistance. At present, Dewei new energy injection resin, hand paste resin and high performance adhesive has complete independent intellectual property rights, raw material localization rate reaches 100%. Through the performance test and comparison, Dewei resin, adhesive in resin properties and technology have reached or exceeded the performance of international brands, breaking the monopoly position of foreign brands in technology.

The independent research and development results of Dewei Company have effectively broken the bottleneck technology of these foreign brands, and the market application prospect is good. Under the dual role of industrial policy guidance and market demand driving, the new energy industry continues to develop, but also promotes the continuous growth of the demand for wind power blade materials, new energy industrial glue and other products. After the project smoothly put into operation, it will further enhance the profitability and core competitiveness of Dewei Company.