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    Home > Coatings News > Paints and Coatings Market > The new Libang plant opened in January 2017

    The new Libang plant opened in January 2017

    • Last Update: 2021-01-04
    • Source: Internet
    • Author: User
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    Recently, the fixed asset investment of Libang Industrial Coatings (Shanghai) Co., Ltd., located in Jinshan District, Shanghai, passed the on-site verification of government departments. The plant has been completed, production equipment is fully installed, equipment is being piloted production, is scheduled to be officially put into operation in January 2017, the full year will reach more than 70% of the planned output.
    The project was launched in 2010, not only took nearly 7 years, but also acceptance materials show that the project fixed assets reached 556.89 million yuan, more than 50% of the contracted investment of 37.105 million yuan, that is, more than 180 million yuan over the budget investment. According to the company, the reason for increasing equipment investment is mainly due to strict enterprise design standards, some building functions and supporting equipment updates, the use of more environmentally friendly, advanced technology equipment, thereby improving the quality and performance of products, while products also from solvent-based coatings to water-based coatings, more environmentally friendly and safe.
    According to the information at the start of the project in 2010, Libang Industrial Coatings (Shanghai) Co., Ltd. has an annual output of 40,000 tons of industrial coatings and 40,000 tons of resin production and construction projects, with a total planned investment of 54 million U.S. dollars, a registered capital of 18 million U.S. dollars, covering an area of 230 acres (excluding levy), which can achieve an output value of 1.5 billion yuan. Project 40,000 tons of industrial paint design capacity is mainly general industrial paint and couloing coatings, while 40,000 tons of resin production capacity to acetic acid resin, acrylic resin, polyurethane resin and electrophoretic resin-based.
    1992, Time Group led Libang brand paint into China, in recent years has become one of the leading brands in China's paint industry. Libang has a wide range of business, involving a variety of fields, including architectural coatings, automotive coatings, general industrial coatings, coil coatings, protective coatings, powder coatings, etc. are among the best in the industry, including the Shanghai World Expo venues, key Olympic venues, Guangzhou Asian Games venues, CCTV new site and other large-scale projects.
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