On January 7, The world's largest Expanded Polystyrene (EPS Foam) producer Taiwan Loyal Group issued an announcement: The company intends to invest approximately US$128 million in Tianjin Nangang Industrial Zone to build a 400,000-ton expanded polystyrene project, and establish an investment company and North China Trade Center.
Loyal Group was established in Taipei in 1973 and is the world's largest EPS producer. At present, there are production bases in Taiwan, Ningbo, Jiangyin, Karamay, Panjin, Zhangjiagang, Yan'an, and Zhuhai, Qingdao, etc. under construction, with a total production capacity of 2.33 million tons and a global market share of over 45%.
After the project is put into production, it is estimated that the annual output value will be about 3.487 billion yuan (RMB, the same below), and the annual tax will be about 32 million yuan. At the same time, an investment company and North China Trade Center were established.
The polystyrene project adopts self-developed international advanced production technology. The product has the characteristics of low thermal conductivity, good heat insulation, low water absorption, good shock resistance, aging resistance, high compressive strength and good mechanical strength. , Good performance in shock absorption and buffering, heat preservation and freshness preservation, moisture-proof and waterproof. Products are widely used in fresh-keeping packaging such as fruits and vegetables and cold chain; heat preservation and heat insulation for household appliances, daily necessities, building materials, etc.; shock and shock resistance for automobiles and furniture.