5 years investment 5 billion dragon python Baili in Sichuan new titanium dioxide industry chain
As China's titanium dioxide giant, Longpython Baili (002601, SZ) announced in the evening of May 28 that the company recently signed a strategic cooperation framework agreement with the Panzhihua Municipal People's Government, and plans to invest 5 billion in 5 years to build chloride titanium dioxide industry chain. Signing the above strategic cooperation framework agreement is conducive to further integrating the industrial chain and improving the company's profitability." Dragon Boa Baili said.
Titanium resources are rich in Panxi area
Longpython Baili said that it will rely on its wholly-owned subsidiary Sichuan Longpython Mining and Metallurgy Co., Ltd. to integrate into the construction of the national strategic resources innovation and development pilot zone in Panxi. At the same time, it will participate in the acquisition and integration of relevant iron ore and titanium ore in Panxi area and the joint development of vanadium titanium-magnetite in Panxi area according to law.
Panzhihua Municipal People's government said that Longdian Baili investment acid soluble titanium slag construction project to give preferential electricity prices, and actively strive for the National Development and Reform Commission for the company's titanium chloride slag project and chloride titanium dioxide project to give special preferential policies for electricity prices and other measures.
Longpython Baili said that the agreement will further strengthen the company's participation in the comprehensive development and utilization of vanadium titanium magnetite resources in Panxi area. Longpython Baili plans to invest a total of 5 billion yuan in the next 5 years, focusing on the chloride process titanium dioxide industry chain, phased implementation of technological innovation and industrialization projects, and strive to achieve a breakthrough in industrialization transformation within 5 years, and form a complete large-scale industrial production chain within 10 years.
Longpython Baili chloride titanium dioxide production capacity has reached 60,000 tons/year, to achieve large-scale production and sales, under construction 200,000 tons/year, while planning to achieve new 200,000 tons/year chloride titanium dioxide production capacity in early 2019, the leading position of the industry is further stabilized.