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On July 30, Wansheng Co.
, Ltd.
announced that the company held the sixth meeting of the fourth board of directors, and reviewed and approved the "About Proposed Signing of a Functional New Material Integrated Production Project Contract with the Management Committee of Weifang Binhai Economic and Technological Development Zone in Shandong Province".
"Proposal", agreeing that the company and the Administrative Committee of Weifang Binhai Economic and Technological Development Zone in Shandong Province (hereinafter referred to as the "Binhai Administrative Committee") sign the "Contract for the Integrated Production of Functional New Materials", and invest in the Binhai Economic and Technological Development Zone.
Construction of functional new material integration projects
.
The announcement shows that the total investment of the project is about 2.
1 billion yuan, and the total construction period is 48 months.
The construction content mainly includes 70,000 tons of phosphorus oxychloride, 120,000 tons of new material flame retardants and special flame retardant additives, and 20,000 tons of high-end flame retardants.
Epoxy resin and additives, 20,000 tons of surfactant, a total of 230,000 tons of new material additives; design and construction of a complete set of continuous, automated and intelligent production lines
.
Wansheng said that the signing of the contract is mainly to consolidate and enhance the company's leading advantages in phosphorus-based flame retardants in the world, further expand the varieties of phosphorus-based flame retardants, and enrich the company's current functional new material product line to meet the global market demand
.