Hongxing Hongda Plans to Invest 1.6 Billion Yuan to Build a New Emulsion Production Plant with Output Capacity 510000 tons/year

Hubei Hongxing Hongda New Materials Co., Ltd. plans to invest a total of 1.1 billion yuan to build a new plant with annual output of 400,000 tons of water-based emulsion and 60,000 tons of butadiene emulsion, the project covers an area of 350 mu with new production workshop, paint workshop, barrel washing workshop, raw material warehouse and other production rooms, comprehensive building, power distribution room and other supporting rooms, totally 31 sets of equipment for the production line.The project is scheduled to start in June 2023.

In addition, Hongxing Hongda also plans to invest a total of 500 million yuan to build a new plant with annual output of 50,000 tons of vinylidene chloride copolymer emulsion, the project covers an area of 303 acres, the new production workshop, raw material warehouse and other production rooms, comprehensive buildings, power distribution rooms and other supporting rooms, the new purchase of production line equipment, to achieve an annual output of 50,000 tons of vinylidene chloride copolymer emulsion capacity. Construction is scheduled to begin in July 2023.

Hubei Hongxing Hongda New Materials Co., Ltd. was established on December 3, 2020, with a registered capital of 60 million yuan.

Water-based emulsion is widely used in various fields of the national economy and has become an indispensable chemical product for the development of the national economy. According to the statistics of the China Water-based emulsion Industry Association, the average annual growth rate of China's water-based emulsion production and sales is forecast to maintain a high growth rate during the "Fourteenth Five-Year Plan" period,the demand for all kinds of water-based emulsions in China at a rate of more than 10% per year.

In the future, the global synthetic water-based emulsion market will become a hot commodity because of its low pollution and environmental protection.

High-performance synthetic water-based emulsions include epoxy adhesive, organic silicone, polyurethane adhesive, modified acrylic adhesive, anaerobic adhesive and radiation curable water-based emulsion etc. In order to improve product quality, simplify operation process and improve construction efficiency, the developed countries have developed a series of special equipment, which not only provides better construction means for synthetic water-based emulsion users, but also creates important conditions for the sustainable development of water-based emulsion industry.

From the enterprise's own development and market demand, Hubei Hongxing Hongda New Materials Co., Ltd adheres to the scientific concept of development,adopting advanced and applicable production technology and equipment at home and abroad, the production of high performance and high value-added modified acrylic products helps to expand the company's output and brings down the production cost to meet the domestic and foreign market demand.