Reicholds coatings
Reichhold has signed a letter of intent with the Tianjin Economic Development Area to start a new unsaturated polyester resins project. Reichhold intends to build a 50,000-ton-per-year unsaturated polyester resins project in Tanggu in the development zone.
The proposed plant is expected to attract a total investment of $40 million and has a registered capital of about $120 million.
To date, 3,300 foreign companies have established branches in the area, with a total investment exceeding $15 billion.
Source: MarketWatch
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