# Allnex plans $65M polyester resin plant in Jiaxing, China

Allnex subsidiary Allnex Technology Materials (Jiaxing) plans to invest 4.73 billion yuan to build a 120,000-tonne-per-year powder coating polyester resin plant in Jiaxing, Zhejiang Province, China.

- Type: Investment
- Announced: 2025-07-07
- Where: Jiaxing, Zhejiang Province, China
- Value: $65.0M (473.0M CNY)
- Status: announced
- Capacity: 120,000 tonnes per year
- Products: powder coating polyester resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Allnex](https://endata.com/companies/37840.md)
- [Allnex Technology Materials (Jiaxing)](https://endata.com/companies/85803.md)

## Sources

- [wedoany.com](https://www.wedoany.com/shortnews/49262.html), 2025-07-07: "为响应国家环保政策及契合粉末涂料良好的应用前景，湛新科技拟投资约4.7266亿元，在现有厂区西北侧地块新建年产12万吨节能环保型粉末涂料专用聚酯树脂项目。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.