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Henan Sanmu Epoxy Resin Facilities Put into Trial Production

2024-3-21

The Henan Sanmu project with an annual production capacity of 100,000 tons of epoxy resin products and 60,000 tons of phthalic anhydride products at the first phase, has been completed. It is known that the project is launched by Henan Sanmu Surface Material Industrial Park Co., Ltd., a subsidiary of Jiangsu Sanmu Group. The epoxy resin equipment started to be fed with feedstocks and was officially put into trial production on March 18th.

It is reported that the project is located in the western industrial agglomeration area of Zhongzhan District, Jiaozuo City. It is a key construction project in Henan Province and one of the top ten key construction projects in Jiaozuo City.

With a total investment of 1.78 billion yuan, the project is in the nature of expanded construction in two phases. 100,000 tons of epoxy resin products and 60,000 tons of phthalic anhydride products will be produced annually in the first phase. During the second phase of the project, 200,000 tons of synthetic resin products will be manufactured annually (60,000 tons of alkyd resin, 40,000 tons of acrylic resin, 20,000 tons of saturated polyester resin, 20,000 tons of unsaturated polyester resin and 60,000 tons of water-based acrylic lotion). The phase one project involving "synthetic resin series products with an annual production of 300,000 ton and phthalic anhydride products with 60,000-ton annual production" was approved for environmental impact assessment in 2022. The project covers an area of 200 acres, with its design and construction from November 2022 to October 2023 in the first stage, and from April 2023 to May 2024 in the second stage.

The phase one project has attracted a total investment of 1 billion yuan, covering an area of 300 acres. After completion, the project is expected to bring an annual sales revenue of 2 billion yuan, profits and taxes of 200 million yuan while providing employment for more than 500 people.

According to Sanmu Group, the Henan Sanmu Surface Material Industrial Park project is totally invested with 3 billion yuan, covering an area of 1100 acres. The main products are synthetic resin series with an annual production of 280,000 tons and coating series with a production of 200,000 tons, which will be developed in three phases with a construction period of 5 years. The entire park has the potential for having more than 10-20 paint companies to settle in and developing 2-3 listed companies, with expectations to achieve an annual sales revenue of 5-billion-yuan, tax revenue of 500 million yuan and create job opportunities for 1500 employment. It will become the largest high-tech surface material production base in China that integrates research and development, inspection, production, and sales.