Lomon Billions to Invest 700 Million Yuan (USD 98.5 Million) in New Titanium Metal Subsidiary

Categories: General News, Industry News, Lomon Billions China
Posted on: May 22, 2020 9:44 am

Jiaozuo 18 May 2020: The Board of Directors at Lomon Billions has approved plans to invest 700 million yuan (USD 98.5 million) to establish a new titanium metal subsidiary, Gansu Guotai Metal Co., Ltd in China. The new subsidiary will mine ilmenite and produce high-titanium slag, titanium sponge and titanium alloy. This investment is consistent with the company’s strategic investment plans to grow its business and strengthen its competitiveness through vertical and horizontal integration.

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Lomon Billions European HQ

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Lomon Billions
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Lomon Billions is listed on the Shenzhen Stock Exchange – Shenzhen:002601
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