In early March 2021, SKSHU Paint announced that the company and its subsidiaries planned to build five projects in Sichuan, Hubei and
Anhui provinces with a total investment exceeding USD 617.72 million (RMB 4 billion).
The company's plan includes a four-phase project of Sichuan SKSHU for
paint production and associated equipment with a total investment of RMB 294
million, a project of Hubei SKSHU for 1 million tons of annual paint production
and associated equipment with a total investment of about RMB 1.4 billion, a
project of Hubei Dayu Construction Limited by Share Ltd for newly waterproof
material production and associated equipment with a total investment of RMB 432
million, a three-phase project of Anhui SKSHU for paint production and
associated equipment with a total investment of RMB 355 million, as well as a four-phase
project of paint production and associated equipment of Anhui SKSHU with a
total investment of about RMB 1.6 billion.
Four-phase paint
production project of Sichuan SKSHU
In order to increase its market presence in the southwest region of
China, to further diversify the company's types of products, to reduce the
logistic cost and operation cost, as well as to increase the coverage rate of
SKSHU's products and market share in the Southwest region, SKSHU plans to
invest RMB 294 million to establish a four-phase project of Sichuan SKSHU for
paint production and associated equipment. The construction period will last
for 8 months. Out of the total investment, about RMB 158 million is a
fixed-asset investment and RMB 136 million is a current asset investment. The
project is estimated to produce 240 thousand tons of paint with stone texture
per year and 24 thousand tons of colorful paint per year.
1-million-ton annual
paint production of Hubei SKSHU
The 1 million ton annual paint production plan of Hubei SKSHU is an
upscaled version of a previous production plan. According to SKSHU, due to the
diversity of SKSHU's development strategy and market demand, the original
production plan does not satisfy the current development of the company. The
original plan was to use an area of 66 thousand square meters, and the new plan
is to use an area of 173 thousand square meters. The construction period of the
1 million ton annual paint production of Hubei SKSHU is 12 months, with a total
investment of RMB 1.36 billion. Out of the total investment, RMB 890 million is
a fixed-asset investment and RMB 470 million is a current asset investment. The
project is estimated to produce annually 180 thousand tons of latex paint, 420
thousand tons of paint with real stone texture, 20 thousand tons of colorful
paint, 1 thousand tons of finishing varnish, 320 thousand tons of putty
powders, 5 thousand tons of waterproof material, as well as 20 million paint
cans.
Two-phase production
project of Hubei Dayu Construction Ltd.
The construction period for the waterproof material production project
of Hubei Dayu Construction Limited by Share Ltd will be 24 months. The total
investment for the project is RMB 432 million with a fixed-asset investment of
RMB 258 million and a current asset investment of RMB 174 million. The
production includes 40 million square meters of SBS modified bitumen membrane
per year, 9 million square meters of non-asphalt-based polymer self-adhesive film per
year, and 4.5 million square meters of non-asphalt-based polymer self-adhesive
film per year. The project is located in Dongcheng Industrial Park, Yingcheng
Economic Development Zone in Hubei province.
Paint production project
of Anhui SKSHU
According to SKSHU, in order to increase its market presence in eastern
China region and optimize the company's strategic layout and production layout
so as to satisfy customers' needs inside and outside China, SKSHU plans to
establish two pain production projects in the chemical industry concentration
area in Mingguang city, Anhui province. The project will occupy an area of
about 270 thousand square meters. The total investment of a three-phase project
of paint production project is RMB 355 million, with a fixed asset investment
of RMB 244 million and a current asset investment of RMB 111 million. The
annual production includes 20 million square meters of SBS waterproof membrane,
20 million square meters of self-adhesive waterproof membrane, 5 million square
meters of TPO waterproof membrane, 10 thousand tons of emulsified asphalt paint
and 10 thousand tons of non-curable coating.
The four-phase project of paint production will last for 12 months. The
total investment is about RMB 1.6 billion, with a fixed asset investment of RMB
968 million. The annual production includes 31 thousand tons of water-based
industrial paint, 4 thousand tons of water-based wood paint, 20 thousand tons
of UV furniture paint, and 300 thousand tons of paint with stone texture.
For more information, please check our resources on China's
TiO2 market.