# KGE Chemical to build 1.16B yuan materials park and coating plant in Laoling

KGE Chemical Group has signed an agreement with Laoling city government to build a new materials industrial park and coating sharing factory in Laoling, Shandong, with a total investment of about 1.16 billion yuan. The park will produce 20,000 tons of polyurea, 5,000 tons of thek, 30,000 tons of polyester resin and 10,000 tons of powder coatings annually.

- Type: New facility
- Announced: 2020-09-24
- Where: Laoling, Shandong, China
- Value: $170.0M (1.16B CNY)
- Status: announced
- Capacity: 20,000 tons polyurea, 5,000 tons thek, 30,000 tons polyester resin, 10,000 tons powder coatings per year
- Products: polyurea, thek, polyester resin, powder coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [KGE Chemical Group](https://endata.com/companies/50208.md)

## Sources

- [kgechemical.com](https://www.kgechemical.com/news_detail.php?id=112), 2020-09-29: "此次签约的山东金高丽新材料产业园及涂装共享工厂项目，总投资约11.6亿元。"

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