# Keshun Co., Ltd. plans 1 billion yuan investment in new subsidiary in Zhejiang

Keshun Co., Ltd. announced a 1 billion yuan investment to establish a wholly-owned subsidiary, Zhejiang Keshun New Materials Co., Ltd., in Changxing County, Zhejiang, for production of asphalt coil, polymer, asphalt paint, water-based paint, and dry mortar.

- Type: Investment
- Announced: 2021-11-15
- Where: Changxing County, Huzhou City, Zhejiang Province, China
- Value: $156.0M (1.00B CNY)
- Status: announced
- Capacity: 81.6 million square meters/a asphalt coil, 30 million square meters/a polymer, 20,000 tons/a asphalt paint, 20,000 tons/a water-based paint, 100,000 tons/a dry mortar
- Products: asphalt coil, polymer, asphalt paint, water-based paint, dry mortar
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Keshun Co., Ltd.](https://endata.com/companies/58999.md)

## Sources

- [echemi.com](https://www.echemi.com/cms/403170.html), 2021-11-15: "It plans to sign an investment cooperation agreement with the People's Government of Si'an Town, Changxing County."

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