To consolidate its leading position in film-forming additives, Runtai Chemical (Taixing), located in the Taixing Economic Development Zone, Taixing city, Jiangsu province, is seeking to expand production capacity, strengthen research and development, and expand its client base.
As an indispensable "monosodium glutamate" in the coating industry, film-forming additives improve the performance of coating products.
The company spends more than 15 million yuan ($2.08 million) per year on the R&D of environmentally friendly water-based coating additives.
A bird's eye view of Runtai Chemical (Taixing). [Photo/WeChat account: txfabu]
"Our company has developed a series of high-end film-forming additives such as RTC-295 and RTC-290A to meet the international market's demand for odorless film-forming additives and high-end film-forming additives," said Lu Xiaosong, deputy general manager of the company.
The company's second phase project has entered the trial production stage. Costing 1.06 billion yuan, the project will mainly produce water-based coating film-forming agents, relying on full process automation, digitization, big data analysis, and other technologies.
The company now has a 30 percent share in China's alcohol ester film-forming aids market and a 19 percent share in the global market, ranking it first nationwide and second worldwide.
The production base of Runtai Chemical (Taixing). [Photo/WeChat account: txfabu]