# Jinqiao Unicorn New Materials starts construction of $80M coatings plant in Yantai

Construction began on a 5.65 billion yuan ($80 million) plant for metal surface modification composite materials and high-performance coatings in Yantai, Shandong, China. The project is a joint venture between Yantai Jinqiao Group, Hong Kong Zhonggang Qiaotou Trading, and Yantai Unicorn New Materials Technology, with planned annual capacity of 50,000 tonnes and expected completion in January 2021.

- Type: New facility
- Announced: 2020-06-11
- Where: Yantai, Shandong, China
- Value: $80.0M (565.0M CNY)
- Starts operating: Jan 2021
- Status: under construction
- Capacity: 50,000 tonnes per year
- Products: metal surface modification composite materials, solvent-free coatings, waterborne industrial paints, architectural coatings, high-solids coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Yantai Unicorn New Materials Technology Co., Ltd.](https://endata.com/companies/47878.md)
- [Yantai Jinqiao Group](https://endata.com/companies/47876.md) (investor)
- [Hong Kong Zhonggang Qiaotou Trading Co., Ltd.](https://endata.com/companies/47877.md) (investor)

## Sources

- [chemnews.com.cn](https://www.chemnews.com.cn/c/2020-06-15/660526.shtml), 2020-06-15: "该项目分两期建设，计划2021年1月建成投产"

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