Chinese Brands are Investingin Automotive Paint, and a 20,000-Ton Automotive Paint Project is Put into Production

On December 27,Anqing Kairui Chemical Technology Co., Ltd.’s new construction project with anannual output of 18,000 tons of automotive coatings and 2,000 tons ofwater-based coatings was completed and put into production with a totalinvestment of 55 million yuan.

The constructionsite of the project is located in the Paint Industrial Park of Daguan EconomicDevelopment Zone, Daguan District, Anqing City, Anhui Province. It covers anarea of approximately 30.1 acres. Construction started in November 2019 and wascompleted in March 2022. It has now been completed and put into production. Atpresent, the main project, auxiliary projects, environmental protectionprojects, etc. have been completed and trial production has begun.

During the trialproduction period, various production facilities and environmental protectionfacilities operated stably, and met the conditions for environmental protectionacceptance upon completion of the construction project. In November 2022, AnqingKairui Chemical Technology Co., Ltd. entrusted Anhui Mingjing EnvironmentalProtection Technology Co., Ltd. to conduct the completion environmentalprotection acceptance of the project, and issued a project completionacceptance inspection report in January 2023.

The scope of thisacceptance is an 18,000-ton/year automobile coating production line, includingacrylic coatings, polyester coatings, polyurethane coatings, alkyd resinpaints, epoxy coatings, UV-curable coatings and supporting diluents, a total of16 products; A 2,000-ton water-based coating production line, including 3products. The project covers a total of 19 products including paint coatings,primer coatings, varnish coatings and supporting thinners.

The actualproduction capacity of the project: 7,000 tons/year of acrylic coatings, 5,000tons/year of polyester coatings, 800 tons/year of alkyd coatings, 495 tons/yearof polyurethane coatings, 1,555 tons/year of epoxy coatings, and 1,450 tons/yearof UV curing coatings, 1,700 tons/year of supporting diluent, and 2,000tons/year of water-based paint (water-based resin varnish, water-based resinpaint, water-based resin primer) and diluent.