Suzhou, Anhui – Xinyue Chenghua New Materials is planning to build a new plant with 3m m3/year polyurethane insulation panel capacity and 10kT/year polyurethane system capacity, pending regulatory approval.
According to the project’s environmental filing, the new plant has nearly 30,000 m3 total area and is located at the Yongqiao Green Housing Industrial Park in Suzhou, Anhui, an inland city at the junction of four provinces.
The company plans to pump CNY 120m ($18m) into the project, which will create 50 new jobs when on stream.
Xinyue Chenghua New Material was set up in Suzhou this June as a subsidiary of Beijing Xinyue Chengyue Insulation Material. According to a local administration website, the group also has arms in construction, cold chain logistics and trade of polyurethane materials and products.
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