Youyi New Materials
Hubei Youyi New Material Technology Co., Ltd. was established in 2019 with a registered capital of 40 million yuan. Established by Shenzhen Youwei Technology Holdings Group Co., Ltd., Hubei Yihua Group and Guangdong Badfu Enterprise Group.
Hubei Youyi New Material Technology Co., Ltd. is located in Yichang District, Hubei Free Trade Zone, and plans to invest 8 billion yuan to build a world-class general base for the "integrated" industry of photocurable coatings and raw materials. It covers an area of 2100 mu and is constructed in three phases. Its products cover a series of photoinitiators, new functional materials, low-viscosity photocurable monomers, photocurable resins, paints and inks. After the project is completed and reached production, it is expected that the annual output value will be 10.5 billion yuan and the profits and taxes will be 1.2 billion yuan.
The first phase of the project will invest 1 billion yuan to build a 3500 ton/year photoinitiator TPO and supporting raw materials project. Construction started in September 2019, and production will officially start in October 2020. The broad-spectrum photoinitiator TPO produced by the project can be used not only in traditional UV-curable materials, but also in the field of new water-based LED photocurable coatings. After the project construction is completed, the follow-up project will be gradually promoted, and a complete light curing industrial chain will be built in Yaojiagang Chemical Park (Tianjiahe Area) to become a world-class light curing coating base.
