The new 40,000 m² plant, in which Domo said it has invested €14 million (RMB 100 million), is capable of increasing the current capacity of 25,000 t of its Technyl polyamides to 35,000 t and, in the long term, to 50,000 t. It provides products and services to customers in sectors such as automotive, electronics, energy, industrial and consumer goods.

Yves Bonte, CEO of Domo Chemicals, commented: "Our steadfast commitment to staying close to customers, both geographically and through innovative products, is at the heart of Domo's success. We have strong and growing partnerships in crucial sectors like e-mobility and green energy in Chinese markets. The investment also serves our global mission of engineering polyamide solutions that contribute to the planet and the people, sustainably and for the better."

According to Domo Chemicals, it has experienced robust growth in China since 2016, marked by a series of capacity expansions at its Jiaxing facility. With a 20% increase in annual sales, the latest expansion efforts have resulted in the groundbreaking of the new plant in Haiyan, the company said.

Denny Meng, operations manager at Domo Chemicals, said: "We have built strong relationships with local and global customers in China. This initiative is in line with Domo's commitment to innovation and customer focus as we seek to establish an Asia-Pacific application development center to strengthen our presence in new and emerging Asian industries and markets. We are committed to quality and continue to emphasize safety and responsible employment.”