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On December 3, COSCO Jotun Marine Coatings (Qingdao) Co., Ltd. planned to invest a total of 25.2 million yuan to implement the marine coating transformation project.The project is located in the high-tech zone of Hongdao Economic Zone, Qingdao City, after the completion of the project, the company added a total of 57,000 tons of epoxy resin coatings, and the company's whole plant production capacity reached 212,000 tons, including 120,000 tons of epoxy resin coatings.The project will be constructed in two phases, with a total investment of 5.2 million yuan in the first phase, and the first phase of the project is scheduled to start construction in December 2024.The total investment of the second phase of the project is 20 million yuan, and the construction period of the second phase of the project is from July 2026 to November 2027.