Last week, FJKC Material Technology Co., Ltd. and its wholly-owned subsidiary, Fujian FS New Materials Co., Ltd., respectively, signed the "Fuqing Industrial Project Land Investment Contract" with the Fuzhou Jiangyin Port City Economic Zone Management Committee. Production of 100,000 tons of cosmetic-grade and automotive-grade titanium dioxide projects.
It is understood that the main project has an annual output of 100,000 tons of cosmetic-grade and automotive-grade titanium dioxide projects. It is planned to be implemented by Kuncai Technology separately set up an independent legal entity project subsidiary, with an initial investment of 1.8 billion yuan; The raw material sub-project of this project was implemented by FS New Material Company.
Automotive grade pearlescent material is a pearlescent material with high weather resistance through multi-layer coating technology and special surface treatment. Automotive-grade pearlescent materials have more stringent particle size distribution, precise and stable hue control, weather resistance testing, and adhesion testing requirements. It is worth mentioning that the high-performance automotive weather-resistant titanium dioxide and iron oxide surface coating technology in this project has high credibility worldwide.
FJKC Technology mainly produces pearlescent materials and is the largest pearlescent material manufacturer in Asia and the second largest in the world. Compared with other pigments, pearlescent materials have the characteristics of non-toxicity, heat resistance, weather resistance, and stable chemical properties. They are widely used in various fields such as paint industry, plastic industry, automobile, ink industry, leather industry, ceramic industry, cosmetics and so on.
Although pearlescent materials are rich in downstream applications, the high-value areas are mainly in the automotive and cosmetics industries, and these two most profitable areas have long been monopolized by BASF and Merck. Kuncai Technology, as the leader of China's pearlescent materials after these two, has gradually entered the supply system of automobile and cosmetics related companies through continuous technological innovation.