# Gaomeng New Material invests 250M yuan in adhesive materials project

Beijing Gaomeng New Material Co., Ltd. approved a 250 million yuan investment by its subsidiary Nantong Gaomeng to build a project producing 124,500 tons of adhesive new materials and 4,800 tons of diethylene glycol by-product annually.

- Type: Expansion
- Announced: 2023-03-03
- Where: Nantong, China
- Value: $36.0M (250.0M CNY)
- Status: announced
- Capacity: 124,500 tons of adhesive new materials and 4,800 tons of diethylene glycol by-product per year
- Products: thermosetting polyester resin, amorphous polyester resin, reactive hot melt adhesive, composite polyurethane adhesive, solvent-free adhesive, water-based PUD, water-based UV resin, polyurethane acrylate UV resin, epoxy acrylate UV resin, water-based acrylic paint
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Beijing Gaomeng New Material](https://endata.com/companies/68918.md)
- [Nantong Gaomeng New Material](https://endata.com/companies/68919.md)

## Sources

- [echemi.com](https://www.echemi.com/cms/1258852.html), 2023-03-03: "agreed to the wholly-owned subsidiary Nantong Gaomeng New Material Co., LTD. to self-raise about 250 million yuan to invest in the construction of 124,500 tons of adhesive new material and 4800 tons of diethylene glycol by-product technical renovation project."

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