# Yaxing Chemical to invest $702M in high-end new materials project

Yaxing Chemical announced a 702 million yuan investment to build a 45,000-tonne-per-year high-end new materials project at its new site via subsidiary Weifang Yaxing New Materials. The project includes a 20,000-tonne VDC unit and a 25,000-tonne PVDC resin unit, with a two-year construction period.

- Type: Investment
- Announced: 2023-09-14
- Where: new site (unspecified), China
- Value: $96.0M (702.0M CNY)
- Starts operating: 2025
- Status: announced
- Capacity: 45,000 tonnes/year (2,000 tonnes/year VDC, 2,500 tonnes/year PVDC resin)
- Products: VDC (vinylidene chloride), PVDC resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Yaxing Chemical](https://endata.com/companies/72608.md)
- [Weifang Yaxing New Materials](https://endata.com/companies/72609.md)

## Sources

- [nbd.com.cn](https://www.nbd.com.cn/articles/2023-09-14/3020159.html), 2023-09-14: "公司拟通过全资子公司潍坊亚星新材料有限公司在新厂区建设4.5万吨/年高端新材料项目"

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