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Home > News > Paint & Coating News > An investment of 600 million yuan in Zhuhai, Guangdong, is about to land a 140,000 tons of liquid epoxy resin project

An investment of 600 million yuan in Zhuhai, Guangdong, is about to land a 140,000 tons of liquid epoxy resin project

ECHEMI 2021-08-27

As China's first batch of cities to open to the outside world, Zhuhai's economic development has always been quite rapid. Zhuhai, Guangdong is a core city on the west bank of the Pearl River Estuary and an important node city in the Guangdong-Hong Kong-Macao Greater Bay Area. Zhuhai Economic and Technological Development Zone, as the first national-level economic and technological development zone at the Pearl River West Port, has superior geographical conditions. Among them, Gaolan Port is the only deep-water port at the Pearl River West Port. Therefore, many high-tech enterprises are here to achieve industrial development.

 

Recently, Hongchang Electronics issued an announcement stating that it will build a project with an annual output of 140,000 tons of liquid epoxy resin in Zhuhai, Guangdong, with a total investment of 600 million yuan. On August 18, it formally signed the " Project Investment Agreement. The construction content of the project includes: manufacturing process area (production workshop), public workshop, storage area, salt water area and other facilities. Hongchang Electronics stated that it will use advanced technology to optimize the process flow and operating parameters.

 

Electronic grade epoxy resin has been rapidly developed in the electronics industry in recent years and is an important product for the insulation and packaging of electrical appliances, motors, and electronic components. Especially in the plastic packaging of semiconductor components, it plays a pivotal role. Hongchang Electronics is one of the companies producing high-end electronic grade epoxy resins in China. Its products can completely replace similar foreign products and help domestic electronic grade epoxy resins achieve new development.

 

It is reported that after the project is fully put into operation, the annual output value will exceed 2.2 billion yuan, and the annual tax will reach 50 million yuan. In addition, it can also promote employment in Zhuhai, promote the formation of a more complete new material industry chain in the Zhuhai Economic and Technological Development Zone, and gather industrial advantages.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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