Ashland Reinvests in Changzhou Materials Project for US$55 Million

On July 6th, Ashland Group organized a public open day event with the theme of "high-quality chemistry and miracles" in its Changzhou plant in Changzhou's New North District. Ashland hopes to use this activity to show more people the standards of behavior that the global chemical industry advocates with the concept of "Responsible Care".


Ashland executives shared Ashland’s innovative products, environmental protection, health, safety, and social responsibility with more than 100 people including leaders from the Changzhou municipal government, government agencies, community residents, peer entrepreneurs, and media representatives. idea.


Zhang Baochang, Asia Pacific vice president of Ashland High Performance Materials, said that based on its excellent performance in China, Ashland Group decided to invest another US$55 million in new synthetic resin and gel coat factories in Changzhou Xinbei Industrial Park. Wind power, construction and yachting industry.


The new investment agreement will be signed in New York in the United States two weeks later by senior figures from Ashland’s headquarters and Luo Zhijun, secretary of the Jiangsu Provincial Party Committee. The first phase of the investment is 20 million US dollars, is expected to be completed and put into operation in the second half of 2012. It is predicted that after the new project is completed and put into operation, it will quadruple the total sales of Changshu plant in Ashland in the next five years.


It is understood that Ashland Group is mainly engaged in the specialty chemicals business and currently has 7 production bases and 3 application research and development centers in China. The Ashland Changzhou plant was completed and put into production in 2000. After several expansions, the total investment has reached US$46.8 million. It is the group's processing and manufacturing center in the Asia-Pacific region, with an annual output of 45,000 tons of unsaturated polyester resin, vinyl polyester. Resin 15,000 tons, casting resin 7000 tons.

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