Guangzhou, China – Rianlon, a Tianjin-based polyurethane additives maker, broke ground on a new 125kT/year plant in Zhuhai, Guangzhou earlier this year.
Rianlon's range includes colour stabilisers for CASE applications and low VOC additives for automotive applications. The company told UTECH-polyurethane.com at PU China that it supplies heavyweights such as Wanhua and Huafon.
Located near the coast in Zhuhai’s, Rianlon is investing CNY 1.3bn ($179m) in the 200,000 m2 site. The new plant is due to be on stream by the end of 2020.
When fully on stream, it will create 250 jobs. It is designed to generate CNY 190m annual profit on CNY 1.5bn sales, said the project’s environmental impact report.
In addition, the company expects to start up a 7kT/year expansion project at its site in Quzhou, Zhejiang in Q4 2019.
Over the first half of 2019 Rianlon reported CNY 866m revenue, up 21% from H1 2018. Net profit jumped 46% to CNY 126m.
Currency conversion: XE.com
