Japan Kikusui Chemical Industry will build a new paint factory in Changshu, China

According to Japanese media reports, Japan Kikusui Chemical Industry Co., Ltd. (Central District, Nagoya City), which produces and sells architectural coatings, recently announced that it will build a paint factory in Changshu Economic and Chemical Park in Changshu City, Jiangsu Province, China.

The joint venture between Jushui Chemical Industry and China’s building materials manufacturing giant Shanghai Building Materials will invest about 2.3 billion yen. The new plant is expected to start construction in April, completed in November, and officially put into operation in 2017.

Despite the deceleration of the Chinese economy, Kikusui believes that construction-related areas will continue to maintain high demand in the future. The new plant is expected to produce 35,000 tons per year, with a planned sales of 5 billion yen in 2021 and 10 billion yen in 2026.

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