# Zhongxi Guoxin signs investment agreement for polysilazane and graphene coatings project in Xiaoshan

Zhongxi Guoxin New Materials signed an investment cooperation agreement with Xiaoshan Economic and Technological Development Zone for a three-phase industrialization project of high-performance polysilazane and graphene-modified coatings, with a total investment of RMB 1 billion in Phase 3 and expected annual output value exceeding RMB 1.5 billion.

- Type: Investment
- Announced: 2025-06-27
- Where: Xiaoshan Economic and Technological Development Zone, Hangzhou, Zhejiang, China
- Value: $137.0M (1.00B CNY)
- Starts operating: Q3 2027
- Status: announced
- Products: polysilazane-modified coatings, graphene-modified coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Zhongxi Guoxin New Materials (Zhejiang)](https://endata.com/companies/85942.md)
- [Qingxi Holding Group](https://endata.com/companies/85943.md) (investor)

## Sources

- [hzeyun.com](https://hzeyun.com/research/2605268.html), 2025-07-11: "This collaboration marks a major technological breakthrough in China’s high-end coating materials sector, successfully breaking the European and American technological blockade."

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