1.Lubei Chemical: It is proposed to establish a joint venture company to invest in the construction of an annual processing of 600,000 tons of zirconium titanium ore selection project
On the evening of January 22, in order to meet the company's demand for titanium ore resources, stabilize titanium dioxide production capacity, improve the company's competitiveness and profitability, and improve the company's strategic layout, the company intends to invest 16.5 million yuan, accounting for 55% of the shares, and Shanghai Titanbao Chemical Technology Co., LTD. Shandong Lubei Zirconium Titanium New Material Technology Co., Ltd. was jointly established by Hainan Xinfu Supply Chain Co., LTD. (invested 6 million yuan, accounting for 20% of the shares).
The announcement shows that the three parties will jointly fund the establishment of a project company (limited liability company) in Wudi County, Shandong Province in accordance with the provisions of the Company Law of the People's Republic of China. With the project company as the main business, the construction of titanium concentrate, rutile, monazite and zircon sand deep processing base, main titanium concentrate, rutile and zircon sand processing and sales. The deep processing base is expected to have a capacity of 600,000 tons/year. The construction project name is "annual processing of 600,000 tons of zirconium titanium ore selected project".
2.Venator announced plans to transform its business and close TiO2 production in Duisburg, Germany
In early February, Venator announced a key step in its transformation plan, with plans to dismantle 50kt titanium dioxide capacity in Duisburg, Germany, in the second quarter of 2024 and transfer specialized production capacity to strengthen the Udingen plant. The Duisburg plant will continue to operate and focus on its functional additives business. Our 80kt TiO2 plant in Scarino, Italy, continues to be offline, pending local regulatory developments and improved market conditions for its product TiO2.
3.Anada: The actual controller intends to change to Yantai SASAC
At the end of February, Copper Group, the controlling shareholder of Ananda Company, and Wanhua Battery signed the Share Transfer Agreement and the Joint Action Agreement. According to the above agreement, Copper Group intends to transfer its 32.6830 million shares of the company (accounting for 15.20% of the total number of shares of the company) to Wanhua Battery by means of agreement transfer. The equity transfer price is 9.15 yuan/share, and the total transfer price is 299 million yuan. If the transaction is successfully implemented and completed, the transferee Wanhua Battery will become the controlling shareholder of the company, and the actual controller of the company will be changed to the State-owned Assets Supervision and Administration Commission of Yantai.
4.Lubei Chemical: plans to invest 719 million yuan to build 60,000 tons of chlorinated titanium dioxide expansion project
On the evening of March 6, 2024, Lubei Chemical (600727) issued an announcement that in order to improve the company's titanium dioxide production capacity, enhance market share, and improve the company's strategic layout, Shandong Xianghai Titanium Resources Technology Co., LTD., a wholly-owned subsidiary of the company, intends to invest 719 million yuan in the construction of an annual output of 60,000 tons of chlorinated titanium dioxide expansion project.
According to the announcement, the project plan in the existing 60,000 tons/year chloride titanium dioxide plant, relying on the existing construction and installation equipment and supporting public auxiliary facilities, the project can achieve a single line production capacity of 60,000 tons/year chloride titanium dioxide and 20,000 tons of chlorine gas production scale.
5.India launches anti-dumping probe into Chinese titanium dioxide
On March 28, the Indian Ministry of Commerce and Industry issued an announcement that the Indian domestic enterprises KeralaMinerals andMetalsLtd and Travancore TitaniumProducts Ltd. And VV Titanium Pigments Pvt.Ltd. The application was filed to initiate an anti-dumping investigation into Titanium Dioxide originating in or imported from China. This case involves products under Indian Customs Code 28230010 and some items 32061110 and 32061190.
The dumping investigation period in this case is from October 1, 2022 to September 30, 2023 (12 months), the injury investigation period is from April 1, 2020 to March 31, 2021, April 1, 2021 to March 31, 2022, April 1, 2022 to March 31, 2023 and the dumping investigation period in this case.
6.Shaanxi Provincial Development and Reform Commission issued the "Shaanxi Province to cultivate 100 billion titanium and titanium alloy industry Innovation Cluster action Plan" notice
At the beginning of April, in order to implement the "Opinions on Accelerating the Construction of a Modern Industrial System with Shaanxi Characteristics to Promote high-quality Development" and the "Implementation Plan for High-level Promotion of Industrial Innovation Cluster Construction in Shaanxi Province to Accelerate the Formation of New quality Productivity", seize the development opportunities of titanium and titanium alloy industry, solidly promote the cultivation of hundreds of billions of titanium and titanium alloy industry innovation clusters, and accelerate the formation of new quality productivity, Constantly shaping new momentum of high-quality development, combined with the actual situation of our province, the "Shaanxi Province to cultivate 100 billion titanium and titanium alloy industry Innovation Cluster Action Plan" is specially formulated.
Please make an in-depth analysis of the current situation of industrial innovation and development based on local realities, implement the "five systems" and "six one" working mechanism of industrial development, highlight projects, promote innovation, strong subjects, and excellent ecology, guide specialized parks to do a good job in the cultivation of titanium and titanium alloy industry innovation clusters, and formulate corresponding action plans to submit to the Provincial Development and Reform Commission in a timely manner.
7.To raise 1.045 billion, titanium alloy expert gold Day titanium industry to expand production
The IPO of the science and technology board, Jintian titanium industry intends to raise funds of 1.045 billion yuan, of which 745 million yuan is used for high-end equipment with advanced titanium alloy project (Phase I), the project is fully reached after the formation of an annual output of 2800 tons of titanium alloy bars, titanium alloy forging billet 200 tons of capacity.
8.Ten billion titanium resources comprehensive utilization project settled in Panzhihua, Sichuan to help build a world-class vanadium titanium industry base
On May 7, Sichuan Panzhihua Vanadium and Titanium High-tech Zone signed an investment contract with Shenzhen Nabi Chemical Group Co., Ltd. for the high-quality comprehensive utilization project of 4.3 million tons of high titanium dioxide blaster slag annually. The project intends to invest 12.08 billion yuan, the annual output value can reach 16.5 billion yuan after completion, and about 3,000 new jobs will be created. After completion, it will promote the comprehensive utilization of titanium resources in Panzhihua to a new level, and provide strong support for accelerating the building of a world-class vanadium and titanium industry base in Panzhihua.
Among them, the first phase of the construction of an annual treatment of 300,000 tons of high-titanium blaster slag high-quality comprehensive utilization demonstration production line; In the second phase, a standard production line for the comprehensive utilization of high-quality high-titanium blaster slag with annual treatment of 1 million tons will be built; Phase III construction of three annual processing of 1 million tons of high titanium blaster slag high-quality comprehensive utilization standard production lines.
9.Ishihara plans to close the sulphuric acid process titanium white plant by the end of March 2027
On May 23, Ishihara (ISK) announced that its board of directors approved a plan to restructure its inorganic chemicals business and will permanently close its sulfuric acid process production site in Yokkaichi, Japan, by the end of March 2027.
Ishihara will consolidate its revenue base by reviewing portfolio organization, sales, and research and development strategies, and optimize overall business operations to accelerate the shift to high-function, high-value-added products, including new products. In order to minimize the possible inconvenience of stopping production of the sulfuric acid process, the plant will continue to operate until the end of March 2027 and the possibility of forming alliances with other companies will be studied.
10.Chemus suspended titanium dioxide production at its plant in Mexico
May 31 - Due to a severe drought affecting much of Mexico, Chemours Corporation (Chemours), a global chemical company, Altamira(NYSE :CC), announced today that it will comply with a government request to temporarily reduce water withdrawals, This led to the suspension of production at its Altamira titanium dioxide production line. Titanium dioxide is a water-saving production facility for the surrounding community.
