Zhejiang Caibao New Materials has invested 1.08 billion yuan to build new facilities for producing 30,000 tons per year of environmentally friendly special coatings for ships, as well as 50,000 tons per year of special resins
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Zhejiang Caibao New Materials is investing in a ship coating production project. As reported on September 25, Zhejiang Caibao New Materials Technology Co., Ltd. plans to invest a total of 1.08 billion yuan in building a facility capable of producing 30,000 tons per year of environmentally friendly special coatings for ships, as well as 50,000 tons per year of special resins. The project will be carried out in two phases; the first phase requires an investment of 320 million yuan, and it will include the construction of Class A production workshops, coating production facilities, Class A warehouses, standard laboratories, testing rooms, and various auxiliary structures； Five new automated production lines for special coatings and seven automated production lines for special resins will be established, with a focus on building a production line for special anti-fouling coatings for marine vessels capable of producing 2,000 tons per year. The Phase 2 project will be advanced in a timely manner based on the progress of Phase 1. The planned start date for Phase 1 is January 2026, with the completion date set for December 2026.
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