Epoxy resin market demand huge Ningbo project began to attract investment

As a thermosetting resin, epoxy resin is widely used in electronic appliances, composite materials, and coatings. Special epoxy resin is mainly used as wind power generator blade, epoxy resin, epoxy resin for semiconductor packaging (including LED-LED), high performance copper-clad epoxy resin and other domestic rare varieties. From the perspective of consumption, the consumption of global epoxy resin grows at an annual growth rate of about 4%. In 2008, the global consumption volume is about 2 million tons, while the domestic epoxy resin consumption is growing faster than the world's. The average level, the growth rate of consumption in recent years is about 20%. At present, there are few companies that can produce special epoxy resins in China, and the demand for epoxy resins, especially specialty epoxy resins, has increased year by year, and it still largely depends on imports. Special epoxy resin has huge demand, insufficient production capacity and good investment benefits.

Ningbo Development Zone special 20,000 tons of epoxy resin / year project, the current investment. Ningbo Development Zone special ring project construction scale: annual output of 20,000 tons of special epoxy resin. After the project is completed, it is estimated that the annual sales income will be 840 million yuan and the annual profit will be 85 million yuan. The main raw materials include: bisphenol A, tetrabromobisphenol A, epichlorohydrin, sodium hydroxide, o-cresol and toluene, etc.; the main equipments include reactor, water scrubber, reflux tower, finished product tank, filtration equipment, and solvent storage. Cans, evaporators, granulation equipment, etc. The procurement of raw materials and production equipment is mainly domestic. With a total investment of US$55 million and a registered capital of US$18.4 million, the estimated annual sales income is 840 million yuan, and the annual profit is 85 million yuan. The investment recovery period is 3.1 years. The project welcomes foreign investors to invest in cash and technology. Ningbo Chemical Industry Park is a provincial-level professional chemical park. The infrastructure in the park is fully equipped and can provide good investment conditions for “nine connections and one leveling”. The Investment Promotion Department of the Ningbo Chemical Industry Park Management Committee is responsible for attracting investment and completing the relevant procedures throughout the project.