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On the evening of April 11, Lubei Chemical announced that the company's wholly-owned subsidiary Shandong Xianghai Titanium Resources Technology Co.
It is understood that Xianghai Titanium Industry's annual production of 60,000 tons of chlorinated titanium dioxide project has a total budget of 890 million yuan.
Lubei Chemical said that after the project is put into production, it will add 60,000 tons of chlorinated titanium dioxide production capacity per year, which will increase the company's titanium dioxide production capacity to over 260,000 tons per year, which is conducive to further improving product competitiveness and market share, enhancing Profitability, consolidate the company's position in the titanium dioxide industry