The groundbreaking ceremony for the annual production project of 120,000 metric tons of lubricants, 12,000 tons of cutting fluid, and 60,000 tons of cleaning agents, operated by Taizhou Langchen New Energy Technology, was held in the Port Industrial Park, Taizhou, on Dec 18.
With an investment of 530 million yuan ($75.64 million), the project will occupy a land of 2 hectares to construct production workshops and supporting warehouses, with 20 production lines including two automated filling lines built in.
A rendering of the new project. [Photo/WeChat account: weigg6666]
The project focuses on high-end cooling fluids, vacuum pump oil, silicon wafer cutting oil and other products required for cutting-edge industries such as new energy vehicles and photovoltaic electronic appliances. It is expected to achieve annual invoice sales of around 400 million yuan.
The company's clients include many leading enterprises such as Great Wall Motor, Huawei, CATL, BYD, and Trina Solar.