SKSHU Paint to begin several coating and waterproof material projects 04-07-2021

In early March 2021, SKSHU Paint announced that the company and its subsidiaries planned to build five projects in Sichuan, Hubei and Anhui provinces with a total investment exceeding USD 617.72 million (RMB 4 billion).

 

The company's plan includes a four-phase project of Sichuan SKSHU for paint production and associated equipment with a total investment of RMB 294 million, a project of Hubei SKSHU for 1 million tons of annual paint production and associated equipment with a total investment of about RMB 1.4 billion, a project of Hubei Dayu Construction Limited by Share Ltd for newly waterproof material production and associated equipment with a total investment of RMB 432 million, a three-phase project of Anhui SKSHU for paint production and associated equipment with a total investment of RMB 355 million, as well as a four-phase project of paint production and associated equipment of Anhui SKSHU with a total investment of about RMB 1.6 billion.


Four-phase paint production project of Sichuan SKSHU

In order to increase its market presence in the southwest region of China, to further diversify the company’s types of products, to reduce the logistic cost and operation cost, as well as to increase the coverage rate of SKSHU’s products and market share in the Southwest region, SKSHU plans to invest RMB 294 million to establish a four-phase project of Sichuan SKSHU for paint production and associated equipment. The construction period will last for 8 months. Out of the total investment, about RMB 158 million is a fixed-asset investment and RMB 136 million is a current asset investment. The project is estimated to produce 240 thousand tons of paint with stone texture per year and 24 thousand tons of colorful paint per year.


1-million-ton annual paint production of Hubei SKSHU

The 1 million ton annual paint production plan of Hubei SKSHU is an upscaled version of a previous production plan. According to SKSHU, due to the diversity of SKSHU’s development strategy and market demand, the original production plan does not satisfy the current development of the company. The original plan was to use an area of 66 thousand square meters, and the new plan is to use an area of 173 thousand square meters. The construction period of the 1 million ton annual paint production of Hubei SKSHU is 12 months, with a total investment of RMB 1.36 billion. Out of the total investment, RMB 890 million is a fixed-asset investment and RMB 470 million is a current asset investment. The project is estimated to produce annually 180 thousand tons of latex paint, 420 thousand tons of paint with real stone texture, 20 thousand tons of colorful paint, 1 thousand tons of finishing varnish, 320 thousand tons of putty powders, 5 thousand tons of waterproof material, as well as 20 million paint cans.

 

Two-phase production project of Hubei Dayu Construction Ltd.

The construction period for the waterproof material production project of Hubei Dayu Construction Limited by Share Ltd will be 24 months. The total investment for the project is RMB 432 million with a fixed-asset investment of RMB 258 million and a current asset investment of RMB 174 million. The production includes 40 million square meters of SBS modified bitumen membrane per year, 9 million square meters of non-asphalt-based polymer self-adhesive film per year, and 4.5 million square meters of non-asphalt-based polymer self-adhesive film per year. The project is located in Dongcheng Industrial Park, Yingcheng Economic Development Zone in Hubei province.


Paint production project of Anhui SKSHU

According to SKSHU, in order to increase its market presence in eastern China region and optimize the company’s strategic layout and production layout so as to satisfy customers’ needs inside and outside China, SKSHU plans to establish two pain production projects in the chemical industry concentration area in Mingguang city, Anhui province. The project will occupy an area of about 270 thousand square meters. The total investment of a three-phase project of paint production project is RMB 355 million, with a fixed asset investment of RMB 244 million and a current asset investment of RMB 111 million. The annual production includes 20 million square meters of SBS waterproof membrane, 20 million square meters of self-adhesive waterproof membrane, 5 million square meters of TPO waterproof membrane, 10 thousand tons of emulsified asphalt paint and 10 thousand tons of non-curable coating.


The four-phase project of paint production will last for 12 months. The total investment is about RMB 1.6 billion, with a fixed asset investment of RMB 968 million. The annual production includes 31 thousand tons of water-based industrial paint, 4 thousand tons of water-based wood paint, 20 thousand tons of UV furniture paint, and 300 thousand tons of paint with stone texture.

 

For more information, please check our resources on China’s TiO2 market.

Subscribe to our Newsletter

 


Next Press