As a giant titanium dioxide company in China, Long Kenli announced on the evening of May 28 that the company recently signed a strategic cooperation framework agreement with the Panzhihua City People's Government and plans to invest 5 billion yuan in the establishment of the chlorination process titanium dioxide industrial chain in the next five years. The cooperation framework agreement will help to further integrate the industry chain and improve the company's profitability.
There are abundant titanium resources in Panxi area
Long Yaoli stated that it will rely on Sichuan Longxi Mining and Metallurgy Co., Ltd., a wholly-owned subsidiary, to integrate into the Panxi National Strategic Resource Innovation and Development Experimental Zone. At the same time, it will participate in the acquisition and integration of related iron ore and titanium mines in Panxi area. Joint development of vanadium-titanium magnetite in Panxi area.
The People’s Government of Panzhihua City stated that it provided incentives for Longli Li to invest in acid-soluble titanium slag construction projects, and actively sought the National Electricity Development and Reform Commission to provide special pricing incentives for the company’s titanium chloride slag project and titanium dioxide chlorination project.
Long Yaoli said that the agreement will further strengthen the company's participation in the comprehensive development and utilization of vanadium-titanium magnetite resources in Panxi area. Longnili plans to invest RMB 5 billion in the next five years, focusing on the chlorination of titanium dioxide industry Chain, implement technical innovation and industrialization projects in batches and in batches, strive to achieve industrialization transformation breakthrough within 5 years, and form a complete large-scale industrial production industry chain within 10 years.
The longum chlorination process titanium dioxide production capacity has reached 60,000 tons/year, achieving large-scale production and sales, and is under construction at 200,000 tons/year. At the same time, it plans to achieve an additional 200,000 tons/year of chlorinated titanium dioxide production capacity by the beginning of 2019. , The industry leading position is further stabilized.