# Longhua New Material to build $222M polymer plant in Shanghai

Longhua New Material plans to invest CNY1.6 billion ($222.3 million) to construct a polymer materials factory in the Lingang New Area of Shanghai, with an annual capacity of 200,000 tons and about 300 jobs.

- Type: New facility
- Announced: 2024-01-19
- Where: Lingang New Area, Shanghai, China
- Value: $222.3M
- Jobs: 300
- Status: announced
- Capacity: 200,000 tons of polymer materials per year
- Products: modified nylon, polymer materials
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Longhua New Material](https://endata.com/companies/75119.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/longhua-to-build-usd2223-million-polymer-materials-plant-in-shanghais-lingang), 2024-01-19: "Longhua New Material plans to invest CNY1.6 billion (USD222.3 million) to construct a polymer materials factory in the Lingang New Area of the Shanghai Free Trade Zone"

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