According to sources from the Tianjin Economic-Technological Development Area, Beacon Coatings’ project for producing 50,000 tons of paint and 20,000 tons of resin has been approved.
Tianjin Beacon Coatings signed an investment agreement for the project in March 2017. Due to the fact that the project is located within the sea area of the Tianjin Nangang Industrial Zone, the company has to obtain a sea area use license before starting the project. On May 18, 2017, China’s State Oceanic Administration issued a notice of the protection of Bohai Sea’s ecological environment, specifying that projects related to land reclamation in Bohai Sea should be suspended. As a result, Beacon Coatings’ Nangang project has not.
Beacon Coatings project first to gain approval for sea area land reclamation
In order to successfully implement the project as soon as possible, the government of Tianjin city, together with the management committee of Tianjin Binhai New Area and Tianjin Economic-Technological Development Area, repeatedly coordinated with China’s State Oceanic Administration and Ministry of Ecology and Environment.
Finally, on June 28, 2020, Tianjin Beacon Coatings’ Nangang project was approved, and the company received a license of sea area use for the project of 50,000 tons of paint and 20,000 tons of resin. Beacon Coatings has become the first company to get a license for sea area use since the suspension approval for projects related to land reclamation in seas throughout China.
The total construction area of the project is 34,000 square meters, with the total investment of RMB 350 million. After a new factory is established, the annual production capacity will be 70,000 tons, with 50,000 tons of paint and 20,000 tons of resin. The project recently has completed the process of investigation and review and will start construction by the end of 2020.
Beacon Coatings leader in Chinese market for over a century
Tianjin Beacon Coatings Co., Ltd, established in 1916, is a wholly owned subsidiary of Tianjin TEDA Company (TEDA). The main business of Tianjin Beacon Coatings lies in the production of industrial automobile paint, heavy-duty coating, interior and exterior wall coating, paint for home decoration, as well as the development, production, sale, and service of resin.
On June 30, TEDA signed an agreement with China National Building Materials Group Corporation (CNBM), selling 51% of shares of Tianjin Beacon Coatings Co., Ltd to CNBM. CNBM is considered to be the largest enterprise for comprehensive building materials in China. CNBM is also one of the world-leading producers for new materials. The establishment of the Beacon Coatings’ Nangang project will make the Beacon brand become a worldwide market leader.
Beacon brand’s coatings have become a dominant part in the coating industry in China. The paint on the following Chinese-made products comes from the Beacon brand: the first Chinese-made aircraft, the first Hongqi brand car, the first tractor in China, the first Nanjing Yangtze River Bridge, the first man-made earth satellite, and the first CZ-2E arrow.
Beacon brand’s coatings also make great contributions in China’s aerospace industry. Tianjin Beacon Coatings has become the special coating enterprise for Shenzhou spaceships, Chang’e satellite, the Chinese space station as well as the Long March Launch Vehicle.
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