Lomon Titanium likely to be penalized by environmental department due to over standard discharge
2017-09-13 16:03:59 [Print]
According to a report released by Lomon Billions on the evening of September 11th that Lomon Titanium, one of its controlling subsidiaries, received a Notification on Administrative Penalty of Environment from Deyang Environmental Protection Bureau
. The bureau plans to impose an administrative penalty of RMB1 . 34 million on Lomon Titanium for violating related regulations on over standard discharge of water pollutant . Lomon Titanium intends to make the explanation and argument and will make less net profits in 2017 if the penalty amount is decided finally.