The groundbreaking ceremony of the new production, R&D, and logistics base of Oriental Yuhong Waterproof Technology Co. (Oriental Yuhong) in Houston was held in Prairie View, Texas, United States.

Nearly 100 government officials, partners, and community representatives from Prairie View, Prairie View A&M University, Small Business Development Center, LyondellBasell Industries, Exxon Mobil Corporation, KraussMaffei Company Limited, BASF, Powers Brown Architecture, and so on, attended the event to witness this milestone moment.

The project site for the new production, R&D, and logistics base in Houston is located in the Industrial Park of Prairie View. The phase I project includes the construction of production lines for thermoplastic polyolefins (TPO) waterproof membranes and a North American R&D center, which is expected to be completed in 2025 and create about 100 jobs for local communities.

The phase II project will focus on the construction of production lines and plants for thermal insulation, sand powder, and pipelines to expand capacity and business scope. After the project is completed and put into operation, Oriental Yuhong will further focus on the manufacturing of waterproof materials and mortar powder, explore the development of sales channels, and join hands with partners to create a new chapter of win-win cooperation.

Liu Bin, Vice Board Chairman of Oriental Yuhong, stressed that the company chose to build the new base in Houston for its strong industrial foundation, advantageous geographical location, and open investment environment. It is also an important measure for Oriental Yuhong to promote its globalization. With the continuous deepening and promotion of its globalization strategy, Oriental Yuhong will keep strengthening value shaping, advancing scientific research and technology, and making every effort to provide greater service value and better service experience for customers in North America and even the world by actively exploring high-quality, globalized development paths.

Li Jianjun, General Manager of the North America Branch of Oriental Yuhong, said, "TPO is one of the most widely used waterproof roofing materials in the industrial and commercial building sector, making its significance clear and undeniable. In recent years, the demand in the construction materials market in North America and the world has been strong, providing a broad market space and considerable growth opportunities for the application and development of TPO. This is why we are very optimistic and confident in this project. The new base is not only the first industrial park built by Oriental Yuhong in North America but also a beginning for the company to embark on a new journey of globalization. In the future, we will continue to ramp up our efforts and refine our layout to achieve more stable and sustainable development goals."

Greg Zenner, Polymer Business Manager of LyondellBasell Industries Holdings B.V., said that there is a deep foundation and broad space for cooperation between LyondellBasell Industries Holdings B.V. and Oriental Yuhong. It is hoped that based on successful cooperation results and experience, both sides can take this opportunity to jointly expand the international market and achieve complementary advantages and mutual benefits.