Investment 320 million yuan annual production of 100,000 tons of paint project will be put into operation

Recently, Henan Guanzhuang Paint Technology Co. invested 320 million yuan in Henan Guanzhuang Advanced Manufacturing Development Zone. Annual production of 100,000 tons of paint. Henan Guanzhuang Relocation expansion project. The project is expected to be fully operational by November.

A project to invest 320 million yuan in a 100,000-tonne-a-year paint production plant will be put into operation.

The project covers an area of 100 mu and plans to invest 320 million yuan. The project has an annual production capacity of 50,000 tons of water-based coatings, 40,000 tons of high-strength solid coatings and 10,000 tons of powder coatings. It is planned to achieve an output value of more than 580 million yuan and a profit and tax of 30 million yuan in 2023. The contract for the project was signed on January 6 2022 and construction officially began on April 27.

According to Zeng Lingbo, general manager of Hennan Wolong Coating Technology Co., LTD., the current project construction has entered the equipment installation stage, the overall project has completed 78% of the infrastructure construction since the start of the project, the main equipment installation has been completed 62%, is expected to be officially put into production on November 30 this year.

According to the information, Nanyang Wolong Paint Industry Co Ltd was established in 2011 through the restructuring of Nanyang Paint Chemical Plant and the establishment of a private enterprise. The company is a national second-type enterprise, the president of the Henan Coating Industry Association, the eighth governing unit of the China Coating Association, and an advanced enterprise in Henan's light industry. It has been certified as an ISO9001:2008 international quality system and has received the prestigious Henan Province trademark, and its products have earned the title of provincial quality products.

The company has specialized in the production of coatings for more than 40 years, mainly producing alkyd blend paint, anti-rust paint, alkyd enamel, polyurethane paint, nitro paint, hammer paint, universal glue, industrial anti-corrosion paint, latex paint, water-based alkyd paint, water-based acrylic paint, water-based epoxy paint, water-based inorganic zinc-rich primer, powder coating, etc. Its "WOLONG BRAND" paint is exported to more than a dozen provinces, more than 400 counties and cities in the vast area, exports to Russia, Kazakhstan and other countries.