Lishui, Zhejiang – Wenzhou Dongtai Resin signed agreement with the government of Suichang county, Lishui, Zhejiang in March for its 30kT/year PU resin plant, according to Lishui’s government website.
The plant has CNY100m ($14.5m) investment planned, including CNY85m for fixed assets, and will have a total area of 27,000 square metres. The specific land lot is yet to be determined.
Dongtai was set up in 2001 in nearby city of Wenzhou with CNY15m registered capital, and its site in Wenzhou has 60kT/year PU resin capacity. The new project is expected to generate more than CNY120m revenue when in operation.
Exchange Rates: Xe.com 3 April, 2017
