Germany Allnex Jiaxing builds high-performance resin base

Recently, Allnex Group signed a contract with the Dushan Port Economic Development Zone and plans to invest 300 million US dollars to build a fully functional and internationally leading R&D and production base in the Dushan Port Area, with an annual output value of 4 billion yuan after reaching full capacity. The contracted projects mainly include the production of water-based epoxy coating resins and curing agents, water-based polyurethane resins, water-based radiation curing resins, phenolic coating resins, polyester acrylate resins, amino resins and radiation curing special resins, which are widely used in construction, Household, high-speed rail, automobiles, electronics, packaging inks and special-purpose coatings, etc.

This project is the first German-owned project in Jiaxing with a total investment of US$300 million. The investor is the German Alchemy Resin Group, which plans to build an annual output of 200,000 tons of high-performance industrial resin. The project is planned to be implemented in two phases. The first phase of the project has a total investment of about 180 million US dollars. It is planned to build a high-performance industrial resin project with an annual output of 100,000 tons, with an annual output value of more than 2.5 billion yuan and tax revenue of more than 200 million yuan.

Allnex Global CEO (CEO) Miguel Mantas said that China, as one of the emerging economies, has been the focus of allnex's strategic development in recent years. Allnex Group very much recognizes its superior geographical location, traffic conditions, economic foundation and investment environment. The project in Dushan Port this time is an important investment of Allnex Group in China and the world. It is a milestone for the future development of Allnex Group. It will adopt new design concepts and adopt international advanced digital and intelligent platform for production. Build a smart, efficient, green, and environmentally friendly global resin industry demonstration plant, and make positive contributions to the local economic and social development with a high sense of social responsibility.

It is understood that Allnex is the world's leading manufacturer of coating resins and additives, with annual sales of more than 2.1 billion euros, providing resin raw materials for coatings and inks for construction, industry, anti-corrosion and other special purposes. Allnex is headquartered in Frankfurt, Germany, with 33 manufacturing plants and 23 technology research and development centers worldwide. As a pioneer in the field of specialty chemicals, Zhan News is known for specialized, wide-ranging, and high-quality products, including innovative liquid resins and additives applied to the surface of metals, plastics and other materials, UV/EB curing coating resins and additives, Powder coating resins and additives and crosslinking agents.

Pinghu Municipal Party Committee Secretary Qi Hailong, Mayor Zhong Xudong, Deputy Mayor Qian Yongbiao and the main persons in charge of relevant municipal departments, Fu Guoquan and Mu Yun'an in Dushan Port Economic Development Zone, and Global CEO of Allnex Resins Miguel Mantas and Zou Yi, vice president of resin business development, attended the signing ceremony.