September 20, 2016, Doxu Group wholly acquired Zhuhai Liangu Chemical Industry Co., Ltd, stepping into Thin-Film Evaporation Low TDI 75 series PU Hardener field.
After the acquisition, Doxu will set up 1 more Thin-Film Evaporation line based on the existing German and Italian line, which is increasing the capacity of Low TDI 75 Hardener to 1,000 tons per month, and the total PU hardener capacity will be up to 2,500 tons per month. This is moving Doxu Hardener into a higher level, become the biggest one of the several Chinese companies that manufacturing Thin-Film Evaporation Low TDI 75 series PU Hardener.
The group chairman Mr. Lu Jiajie said: Regarding to the situation of Chinese PU Hardener in the PU paints market, we’re always seeking for solution. According to this acquisition, we’re extending our product line to Thin-Film Evaporation Low TDI 75 PU Hardener, entering a new business field.
This acquisition is catching a highly attention and widely reporting in in the industry. It’s changing the Chinese PU Hardener to another competition level, and opening the mergers of the Chinese raw material companies.
The media of China Coating Online said: Doxu is acquiring Liangu in a high profile, showing it's optimistic about the 75 PU hardener market and its pioneering spirit. This acquisition will become a classic case of the Chinese raw material companies’ merger & acquisition.
About Zhuhai Liangu Chemicals
Zhuhai Liangu Chemical Industry Co., Ltd is a PU Hardener manufacturing with a 20,000 sqm area located in Zhuhai Gaolan Port Fine Chemical Industry Park. The company is specialized in manufacturing Low TDI PU Hardener with Thin-Film Evaporation line from Germany and Italy, capacity in 11,000 tons per year, producting L75 hardener, TDI tirmer hardener, and common hardener. Zhuhai Liangu is a leading company in the hardener business field in China for many years.
Guangdong Doxu Group