Located in the city’s Fengnan Economic Zone covering nearly 7,000 m2, the project had CNY 203m ($29m) investment and began construction last September. It is said to be the world’s largest single-line waterproof coating facility by capacity.
The highly automated line with fully own-developed technology takes 12 workers to control and monitor, and is predicted to generate CNY 100m annual profit on CNY 1.3bn sales.
With non-PU related businesses as well, Beijing-based Yuhong posted a 32% rise in 2016 revenue to CNY 7bn. Net profit last year jumped 41% to CNY 1bn.
Exchange Rates: Xe.com 22 May, 2017