Shanghai Huayi (Group) Co., Ltd.'s annual output of 200,000 tons of iron oxide new colorant material (NCM) project recently started construction work in Jiangsu Yixing Economic Development Zone. The project has a total investment of over 600 million yuan. It is jointly invested by the Shanghai Huayi Group's Shanghai Paint Co., Ltd. and its subsidiary Yipin Pigment Co., Ltd. and Jiangsu Yuxing Industry & Trade Co., Ltd., of which the first phase of the project will invest 400 million yuan and will be completed in 2014. Put into production. After the completion of the project, the annual sales revenue of new iron oxide coloring materials will reach 1.2 billion yuan, and the sales revenue of the first phase will be about 640 million yuan. According to reports, the project is currently the largest and the world's top three new iron oxide coloring material project. The project will use the “three generations of technology†developed by the Central Research Institute of Huayi Group, advanced production technology and equipment to produce new coloring materials that are environmentally friendly, energy-efficient, high-quality, and more functional.
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July 17, 2023