Nanchang, Jiangxi – Sibangqi Industrial started the initial environmental assessment for its 8kT/year PU foam plant in December.
The plant will be located in Xiaolan Economic and Technological Development Zone in Nanchang, Jiangxi with RMB80m ($12m) investment earmarked, said the assessment document.
Construction of the project is expected to take eight months, the company told UTECH-polyurethane.com. The foam produced here will be used in furniture as well as automotive seat cushions.
Sibangqi Industrial was set up in June 2015 in Nanchang with RMB2m registered capital, according to local government’s website.
XE Currency Conversion: 23 December 2015