# 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.

- Type: Acquisition
- Announced: 2020-01-16
- Where: Chuxiong, Yunnan Province, China
- 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
- Products: chloride titanium dioxide pigment, titanium slag, titanium sponge
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lomon Billions](https://endata.com/companies/30179.md) (acquirer)
- [Yunnan Metallurgical Xinli Titanium Industry Co., Ltd](https://endata.com/companies/44584.md) (target)

## Sources

- [lomonbillions.global](https://www.lomonbillions.global/lomon-billions-resumes-full-scale-production-at-its-newly-acquired-manufacturing-site-in-chuxiong-yunnan-province-china/), 2020-01-16: "We plan to invest a total of around RMB 10 billion (USD 1.44 billion) in new projects."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.