Xianghai Titanium announces capital increase in Mengda Titanium
2024-11-25 16:49:01 [Print]
On November 22, Shandong Xianghai Titanium Co., Ltd., a wholly-owned subsidiary of Lubei Chemical, entered into an agreement to invest RMB33.64 million (USD4.64 million) in Inner Mongolia Yuxiao Mengda Titanium Industry Co., Ltd., in order to ensure a stable supply of high-grade titanium slag and reduce the production cost of titanium dioxide. Upon completion, Xianghai Titanium will hold a 10% stake in Mengda Titanium.
Mengda Titanium is mainly engaged in the production and sales of titanium products including high-grade titanium slag, acid-soluble titanium slag, titanium ore, titanium tetrachloride, titanium sponge, ferrotitanium, titanium dioxide, iron ore pellets, etc.
Mengda Titanium is mainly engaged in the production and sales of titanium products including high-grade titanium slag, acid-soluble titanium slag, titanium ore, titanium tetrachloride, titanium sponge, ferrotitanium, titanium dioxide, iron ore pellets, etc.
Titanium Slag TiO2 90%min EXW China
Unit:RMB/mt
China high titanium slag producers' suspension number statistics by province by month
Unit: pcs
