# Yigu Group starts construction of $140M new materials industrial park

Yigu Group held a groundbreaking ceremony for a new materials industrial park in Gaoming District, Foshan, with a total investment of 1 billion yuan. The 47,000-square-meter facility will produce tile adhesives, dry-mix mortar, and waterproof coatings, with an annual capacity of 1 million tons and 300 new jobs.

- Type: New facility
- Announced: 2024-07-26
- Where: Gaoming District, Foshan, Guangdong, China
- Value: $138.0M (1.00B CNY)
- Jobs: 300
- Status: under construction
- Capacity: 1 million tons per year
- Products: tile adhesives, dry-mix mortar, waterproof coatings, packaging materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Yigu Group](https://endata.com/companies/78839.md)

## Sources

- [chemnews.com.cn](https://www.chemnews.com.cn/c/2024-07-29/742337.shtml), 2024-07-29: "亿固集团新材料产业园项目总投资高达10亿元人民币，占地面积约达4.7万平方米"

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