Hempel breaks ground on relocated paint plant in Yantai, China

Hempel (Haihong Laoren) held a groundbreaking ceremony on 18 May 2020 for a relocated and expanded paint plant in Yantai Chemical Industry Park. The $100 million investment will produce 102,000 tons of environmentally friendly coatings per year, with completion expected in Q4 2021.

“近年来海虹老人的业务迅速发展，为了更好的满足我们的客户对环保产品和创新应用日益增长的需求，随着山东省'新旧动能转换'的东风，在当地政府的大力支持下，我们确定了在烟台投资扩建生产基地”coatingol.com

• 2 sources
• coatingol.com海虹老人烟台工厂搬迁改造项目破土动工,涂料在线,coatingol.comMay 19, 2020
• seatrade-maritime.comHempel invests $100m in new China factoryMarcus HandMay 19, 2020

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