Guangdong Hengtai Industrial Plans to Invest in New Synthetic Resin and Polyurethane Materials Project

Guangdong Hengtai Industrial Co., Ltd., a subsidiary of Foshan Baishi Chemical Co., Ltd., has announced its plan to invest 226.149 million yuan in the construction of a new project in the Huacai New Materials Industrial Cluster Zone within the Wengyuan Economic Development Zone in Guangdong. The project aims to produce 50,000 tons of synthetic resin, polyurethane materials, and derivatives annually. This investment reflects the company's commitment to meeting the growing demand in the Chinese market and establishing itself as a specialized enterprise in the integrated fine chemical industry.

Company Overview:
Guangdong Hengtai Industrial specializes in the research, development, manufacturing, and sales of polyurethane products, silicone oil, tin-based catalysts (such as stannous octoate), amine catalysts, composite materials, resin coatings, and more. These products are primarily used in the manufacturing of high-end new materials, coatings, inks, adhesives, and find applications in polyurethane machinery, industrial molds, automotive parts, sponge products, and household goods manufacturing.

Project Details:
The planned project by Guangdong Hengtai Industrial encompasses an area of 30,159.4 square meters (approximately 45.24 acres) within the Huacai New Materials Industrial Cluster Zone. The project includes the construction of facilities for the annual production of 3,000 tons of water-based acrylic paint, 3,000 tons of water-based alkyd paint, 3,000 tons of water-based epoxy resin, 5,000 tons of oil-based acrylic resin, 5,000 tons of water-based acrylic resin, 5,000 tons of oil-based alkyd resin, 5,000 tons of water-based alkyd resin, 3,000 tons of curing agents, 1,000 tons of diluents, and 5,000 tons of polyurethane products.

Expected Benefits:
Upon completion, the project is projected to generate an annual operating income of 1,846.3286 billion yuan, with an estimated average post-tax profit of 102.7876 million yuan. The project is also expected to contribute approximately 18.8878 million yuan in value-added tax. Beyond direct economic benefits, the project will create indirect economic advantages, including the creation of 60 job opportunities for the local workforce.

Guangdong Hengtai Industrial's investment in the new synthetic resin and polyurethane materials project demonstrates the company's commitment to meeting market demands and contributing to the local economy. The project's construction and operation will not only enhance the company's performance but also stimulate the development of related industries in the region. By providing employment opportunities, generating tax revenue, and strengthening market competitiveness, this project is poised to make a positive impact on both the company and the local community.