# 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.

- Type: New facility
- Announced: 2020-05-19
- Where: Yantai, Shandong, China
- Value: $100.0M
- Starts operating: Q4 2021
- Status: under construction
- Capacity: 102,000 tons per year
- Products: waterborne coatings, solvent-based coatings, powder coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hempel](https://endata.com/companies/22949.md)

## Sources

- [coatingol.com](https://www.coatingol.com/News/Info_425895_0_0_0.html), 2020-05-19: "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"
- [seatrade-maritime.com](https://www.seatrade-maritime.com/shipyards/hempel-invests-100m-in-new-china-factory), 2020-05-19: "With our new factory in Yantai, we’re sharpening our focus on delivering innovative and more sustainable coating solutions to our customers in the region."

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