Lomon Billions to buy titanium plant assets of Jinchuan Group
2020-07-23 16:30:41 [Print]
Lomon Billions announced on July 22 that the company plans to bid for the use right of state-owned construction land, real estate and auxiliary facilities, machinery and equipment of Jinchuan Group titanium plant, which was publicly listed and transferred by Jinchuan Group in Gansu Property Right Exchange on June 24, 2020. The listed price of the underlying assets is RMB644,409,400 (USD92,021,662), and the transaction margin is RMB64.44 million (USD9.202 million).
Lomon Billions said that if the transaction is completed, relying on the existing titanium sponge, high titanium slag and large-scale "fluidizing furnace" chloride technology of the company and its subsidiaries, and making full use of the local industrial chain agglomeration and supporting advantages in Gansu, it will help the company to further improve the titanium industrial layout.
Lomon Billions said that if the transaction is completed, relying on the existing titanium sponge, high titanium slag and large-scale "fluidizing furnace" chloride technology of the company and its subsidiaries, and making full use of the local industrial chain agglomeration and supporting advantages in Gansu, it will help the company to further improve the titanium industrial layout.
Titanium Slag TiO2 90%min EXW China
Unit:RMB/mt
China high titanium slag producers' sales to production ratio statistics by province by month
Unit: %
