Jiaozuo, China, May 6, 2020: The official opening of Lomon Billions’ new sales and technical services office in Shanghai was held today, marked by a ribbon-cutting ceremony hosted by Mr. Haiming Qu, Assistant to the CEO and Executive Deputy General Manager of Sales.
The ceremony was attended by Mr. Ruiqing Tan, Vice Chairman of Lomon Billions Group, Mr. Ge Yao, Assistant to the Chairman, Ms. Ran Xu, Assistant to the CEO, Ms. Zhaoxia Yan, General Manager of Lomon Billions Trading Company and Mr. Yurong Zhang, Director of Lomon Billions’ Research Institute in Jiaozuo.
At the ceremony Mr Tan said, “Since the merger between Lomon and Billions, the business has developed rapidly. Last year we acquired Xinli Titanium Industry and our current titanium dioxide pigment production capacity now exceeds 1 million tonnes making us one of the world’s top 3 titanium dioxide pigment manufacturers and No. 1 in Asia.
We are a global company. Our products are sold to many countries and regions around the world. The proportion of our TiO2 pigment sales that is exported has continuously exceeded 50% for many years. It is currently around 75-80%. Within the next 3 – 5 years our annual TiO2 sales target will exceed more than 1 million tonnes.
With the rapid development of the company our sales and technology teams will grow considerably. Our production sites are located in Jiaozuo, Deyang, Xiangyang, Chuxiong and Panzhihua. Our new office in Shanghai, China’s international metropolis, centralizes our sales and technical services teams.
The global market demands first-class global customer service. Our Shanghai location will attract commercial and technical talent to help us achieve continuous improvement in sales and R&D, support the company’s continued healthy and sustainable development, and further enhance the Group’s international competitiveness.
We continue to invest in the future to grow our production capacity and to strengthen our integrated supply chain.”
Lomon Billions is an established and dynamic titanium dioxide (TiO2) pigment manufacturing business with a strong and expanding global presence. We manufacture high performance TiO2 pigments using both the chloride and sulfate process. Our TiO2 pigments are key ingredients used to produce an enormous range of products including paints, plastics, inks and paper. Our prominent LOMON® and BILLIONS® pigment brands are recognized worldwide. We are currently ranked 3rd in the world and 1st in Asia in terms of TiO2 pigment production capacity.
Lomon Billions has been manufacturing TiO2 pigment for over 30 years. We have five established TiO2 pigment production sites in four locations in China: Jiaozuo, Henan Province, Deyang, Sichuan Province, Xiangyang, Hubei Province and Chuxiong, Yunnan Province. Lomon Billions also owns an ilmenite mine in Panzhihua, Sichuan Province, an important raw material in TiO2 production.
Lomon Billions’ global headquarters and 12,000m2 technology center are in Jiaozuo, Henan Province, China. We have regional offices in North America and in Europe. Lomon Billions is listed on the Shenzhen Stock Exchange: Shenzhen 002601.