◂ Announcements

Jan 16, 2020ACQUISITIONChuxiong, Yunnan Province, China

Lomon Billions acquires Xinli Titanium and resumes production in Chuxiong

Lomon Billions acquired 98.39% equity in Yunnan Metallurgical Xinli Titanium Industry Co., Ltd in 2019 and resumed full-scale production at the Chuxiong site. The company plans to invest RMB 10 billion (USD 1.44 billion) to expand capacity to 300 kt/pa of chloride TiO₂ pigment, 200 kt/pa of titanium slag, and 50 kt/pa of titanium sponge.

Value

$1.44B (10.0B CNY)

Jobs

1,000

Status

Completed

Capacity

60 kt/pa chloride TiO₂ pigment, 80 kt/pa titanium slag, 10 kt/pa titanium sponge (current); planned 300 kt/pa chloride TiO₂ pigment, 200 kt/pa titanium slag, 50 kt/pa titanium sponge

Productschloride titanium dioxide pigmenttitanium slagtitanium sponge

CompaniesLomon Billions acquirer Yunnan Metallurgical Xinli Titanium Industry Co., Ltd target

Sectors#Specialty Chemicals

“We plan to invest a total of around RMB 10 billion (USD 1.44 billion) in new projects.”lomonbillions.global

1 source
lomonbillions.globalLomon Billions resumes full-scale production at its newly acquired manufacturing site in Chuxiong, Yunnan Province, China - LB Group | LB GrouplomonbJan 16, 2020

Summarized from public sources; check the original articles before acting on it.

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