New Material



As new material industry in Wuqing Development Area develops rapidly, there are at present 50 enterprises of this industry, accounting for 12.82% of total industry quantities in the Area. Represented by Magnequench, LG, CSG and Xinyi, new material industry enjoys total investment of RMB 3 billion Yuan and the registered capital of RMB 1.695 billion Yuan. In 2009, the industry realized sales revenues of RMB 3.34 billion Yuan, with the amount rising by 15.76%; GNP was RMB 860 million Yuan, with the amount rising by 19.37%; and the tax payment was RMB 334 million Yuan, with the amount rising by 6.06%.

Key enterprises:
    1. MAGNEQUENCH Tianjin Co., Ltd.
    2. Tianjin LG New Building Materials Co., Ltd.
    3. Tianjin CSG Architectural Glass Co., Ltd.
    4. XINYI Glass (Tianjin) Co., Ltd. 
    5. BECKERS High Performance Coating (Tianjin) Co., Ltd
    6. Origin Paints (Tianjin) Co., Ltd