Anqing, Anhui – Lanlan New Materials broke ground in December on a waterborne polyurethane resin and auto sealant flocking plant in Anqing, Anhui.
Located at the city’s high-tech Industrial Development Zone, the project has 60,000 sqm total area. Its planned capacity includes: 75kT/year waterborne PU resin and coatings; 5kT/year auto sealant flock adhesive; and 80km/year auto sealant flock belt.
With CNY 525m ($77 m) investment earmarked, the plant is set to come on stream in May 2020. The company's website suggests production will be worth CNY 3bn/year.
Lanlan is a subsidiary of Lanou Chemical, which is part of Shanghai-headquartered high polymer group Liulian. According to a local government website, Lanou was the first Chinese company to develop one-component waterborne PU coatings in the auto sealing segment. The company made the breakthrough in 2010.
Meanwhile, in 2011 Lanou’s auto waterborne coating products had a greater market share in China than some of its international competitors. This is the first time for a Chinese brand, according to the local government website.