The signing ceremony for a high-end cosmetics new material project, invested by Zhejiang Special Neo Materials, was held in Taixing, Jiangsu province, on June 13.
The project, to be built in the Taixing Economic Development Zone, has an investment of 1.2 billion yuan ($167.01 million) and will mainly produce high-end cosmetic raw materials and electronic chemicals. It is expected to generate annual sales of 2 billion yuan on completion.
A signing ceremony for the high-end cosmetics new material project is held in Taixing on June 13. [Photo/WeChat account: txjjkfq]
As a pioneer in industry innovation, Zhejiang Special Neo Materials has mastered the first domestic n-butanal new process and bio-based hydrogenation new process based on its research and development strength and technological prowess.
This project is an important supply chain project for the new materials and daily chemical industries in the zone, which will bolster the upgrading of the zone's industrial chain towards high-end, green, and refined development.