# Nippon Paint to build $280M materials plant in Yongxiu, China

Nippon Paint (through its subsidiary Nippon Investment Co.) signed an agreement to build a new materials production base in Yongxiu County, Jiangxi Province, with a total investment of CNY 2 billion (approx. USD 280 million). The plant will be built in two phases over three years, producing 200,000 tons of imitation stone mortar and 3 million tons of specialty dry powder in Phase I, and additional capacity in Phase II.

- Type: New facility
- Announced: 2019-08-28
- Where: Yongxiu County, Jiangxi Province, China
- Value: $280.0M (2.00B CNY)
- Status: announced
- Capacity: Phase I: 200,000 tons/year imitation stone mortar, 3 million tons/year specialty dry powder; Phase II: additional 200,000 tons/year imitation stone mortar, 4 million tons/year specialty dry powder, 2 million m²/year insulation panels
- Products: imitation stone mortar, specialty dry powder, insulation panels
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Nippon Paint](https://endata.com/companies/15158.md)
- [Nippon Investment Co.](https://endata.com/companies/41709.md) (investor)

## Sources

- [jx.cnr.cn](http://jx.cnr.cn/2011jxfw/mdsj/20190829/t20190829_524753429.shtml), 2019-08-29: "项目将按照“智能制造、工业4.0”理念，全力加快项目建设，打造智能化，绿色涂料标杆工厂"

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