Investing 400 Million Yuan, Zhuhai Company Announces Projects with Annual Output of 100,000 Tons of High-End Coatings

On October 24, the Luofu Chemical high-end paint coating project invested and constructed by China company Zhuhai Luofu New Material Technology Co., Ltd. is undergoing an environmental impact assessment announcement.

It is understood that Zhuhai Luofu New Material Technology Co., Ltd. plans to build the "Luofu Chemical High-end Coating Project" in the Petrochemical Industry Zone of Nanshui Town, Jinwan District, Zhuhai City. The project covers an area of 45651.51m2, with a total construction area of 37173.23m2, and a total planned investment of 400 million yuan.

The project mainly produces 98,000 tons/year of high-end paint coatings, including 25,000 tons/year of synthetic resin and polyurethane curing agent products, 58,000 tons/year of coating products, 3,000 tons/year of ink products, 11,000 tons/year of adhesive products, and 1000 tons/year of photoresist products.

According to the data, Zhuhai Luofu New Material Technology Co., Ltd. was registered and established in Zhuhai Gaolan Port Economic Zone in January 2022. It is a company engaged in research, investment and development of fine chemicals such as synthetic resins, coatings and varnishes, thinners, inks and other industries, and operation & management of factory entities & supply chains. At the same time, the company have expanded to key upstream industries in the industry to gain unique competitive advantages in the industry and become industry leaders in certain market segments. The main product lines include various synthetic resins, coating varnishes, thinners, printing inks, epoxy curing agents, etc.

Luofu Chemical said that due to the company's business development needs and the market development opportunities brought by China's economic recovery, the company decided to rely on its own advantages after extensive market research and plan demonstration to plan to build a petroleum project in Nanshui Town. The new factory of Luofu New Material Technology Co., Ltd. in the Chemical Industry Zone will use advanced production equipment and technical formulas to build Luofu's high-end paint coating production base to realize corporate social value.