Jiaozuo, Henan Province China, 20 February 2018: The Board of Directors at Lomon Billions has approved an estimated CYN 1.8billion (~US$ 285million) investment in the construction of two new chloride TiO2 manufacturing lines at its existing chloride production site in Jiaozuo, Henan Province, China. The two new lines will provide an additional annual chloride TiO2 pigment capacity of around 200,000 tons. Feasibility and engineering studies and extensive preapproval works have already been completed and all external approvals are in place. Commercial production from the new lines is expected during 2019.
This investment in additional chloride capacity will allow Lomon Billions to increase its chloride TiO2 pigment portfolio to manufacture more high-performance chloride TiO2 pigments for a wider range of applications and will strengthen the company’s global competitiveness.
Lomon Billions is an established and dynamic titanium dioxide (TiO2) pigment manufacturing business with a strong and expanding global presence. The company manufactures high-performance TiO2 pigment using both the chloride and sulfate process. Its prominent LOMON® and BILLIONS® pigment brands are recognized worldwide. It currently has a total annual production capacity of over 700,000 tons and is ranked 4th in the world and 1st in Asia in terms of TiO2 pigment production capacity.
Lomon Billions has been manufacturing TiO2 pigment for almost 30 years. The company has four established ISO certified TiO2 pigment production sites in three locations in China: Jiaozuo, Henan Province, Deyang, Sichuan Province and Xiangyang, Hubei Province. Lomon Billions also owns an ilmenite mine in Panzhihua, Sichuan Province, a key raw material for TiO2 production.
Lomon Billions’ global headquarters and 12,000m2 technology center is in Jiaozuo, Henan Province, China. Its European headquarters is in Stockton-on-Tees, UK, and its headquarters in the USA is in Chicago Illinois. The company was formed by a merger between Henan Billions Chemical Co., Ltd. and Sichuan Lomon Titanium Industry Co., Ltd on October 28th, 2016. This $1.47billion merger broke the record for capital refinancing in Henan Province and created a company listed on the Shenzhen Stock Exchange with a market value of over 30 billion RMB ($4.36 billion).
Commercial and Media Contact
Julie Reid, Marketing Director
Lomon Billions, Winder House, Kingfisher Way
Stockton-on-Tees, TS18 3EX , UK
Tel: +44 (0) 1642 692750