The hottest Shenjian Co., Ltd. plans to invest 500

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On July 31, Shenjian (002361) announced that in order to implement the dual main industry development strategy, meet the development needs of the polyester resin industry, and further enhance market competitiveness, the company plans to build a new 100000 ton energy-saving and environmental friendly polyester resin project in Zhuhai with a self raised fund of 500 million yuan

the main body of the project: Zhuhai Shenjian new materials Co., Ltd., located in Gaolan Port Economic Zone, Zhuhai, with a total land area of about 60000 square meters. The project construction includes the purchase of steel wire breaking inspection and analysis sites, new plants Polyester resin production line and supporting facilities, etc. It is reported that the project is divided into two phases: the construction period of the first phase is 24 months (estimated), and the construction period of the second phase is 18 months (estimated)

Shenjian Co., Ltd. said that in order to actively respond to the national new material industry development policy, practice the company's dual main industry development strategy, and make full use of the company's technical strength in the field of new chemical materials for many years, Through outward investment "Generally, I don't remember to bring plastic bags when I go out. The new project will expand the existing polyester resin production capacity, meet the market demand and further enhance the market competitiveness, which will bring good development prospects for the company.

after more than 30 years of development, Shenjian has become a high-tech enterprise of polyester resin integrating research and development, production and sales. The company is the leader of polyester resin industry for powder coatings in China, with an annual output of 200000 polyester resins of all kinds With a production capacity of tons and a domestic market share of more than 20%, two series of more than 100 nanotubes have been formed, which are like small vertically arranged "needle" products, covering all fields of powder coating polyester resin application. It is the production and manufacturing enterprise with the most complete product models in the industry. The main customers of the company are AkzoNobel and aiside, the world's top two powder coating industry giants, as well as PPG, Jotun coatings, Haier, Gree and other well-known enterprises at home and abroad

in recent years, the market demand for polyester resin has continued to grow with the development of powder coatings. In 2008, the sales volume of polyester resin for powder coatings in China was 243000 tons. In 2018, the sales volume increased to 773800 tons, with a year-on-year increase of 12.8%, and the sales volume increased by 14%. In 2019, the annual sales volume of polyester resin of products with relatively large recycling volume of Shenjian Co., Ltd. was 169000 tons, with a year-on-year increase of 22%. In recent years, with the progress of coating technology, the market space of powder coatings has been expanding. The growing maturity in home appliances, building materials and other industries, as well as the development of automotive, thermal materials and other industries, have increased the demand for polyester resin for powder coatings. (coating boundary)

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