# Jinqiao Unocal New Material starts construction of $80M coating plant in Yantai

Jinqiao Unocal New Material began construction of a facility in Yantai, China, to produce 50,000 tons per year of metal surface modified composite materials and high-performance environmental protection coatings. The total investment is $80 million.

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

## Companies

- [Yantai Unocal New Material Technology](https://endata.com/companies/47886.md)
- [Yantai Golden Bridge Group](https://endata.com/companies/47884.md) (investor)
- [Hong Kong China Hong Kong Bridge Trading](https://endata.com/companies/47885.md) (investor)

## Sources

- [echemi.com](https://www.echemi.com/cms/107940.html), 2020-06-15: "The project was jointly invested and built by Yantai Golden Bridge Group Co., Ltd., Hong Kong China Hong Kong Bridge Trading Co., Ltd., and Yantai Unocal New Material Technology Co., Ltd."

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