THE WORLD’S 3rd LARGEST PRODUCER OF HIGH PERFORMANCE TITANIUM DIOXIDE PIGMENTS - GROWING FAST, INVESTING IN THE FUTURE

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

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Julie Reid, Marketing Director: Lomon Billions, Winder House, Kingfisher Way, Stockton-on-Tees, TS18 3EX, UK

22
May/20

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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