Tianyuan Group said that in order to further improve the company's industrial chain layout and ensure the supply of raw materials for titanium dioxide production, Yibin Tianyuan Haifeng Hetai Co., Ltd. (hereinafter referred to as Haifeng Hetai), a wholly-owned subsidiary of the company, plans to purchase 77.76% of the equity of Sichuan Pingshan Tianjin Chemical Co., Ltd (hereinafter referred to as: Tianjin Company) at a price of 0.5 yuan per share on March 31, 2020 as the evaluation base date, and to transform the existing calcium carbide furnace to produce high titanium slag after the acquisition. The acquisition of Tianjin company's equity is the strategic move of Tianyuan Group to solve the key raw material matching of titanium dioxide by chlorination.
Tianjin Company was established in 2002, mainly engaged in the production and sales of calcium carbide, with a production capacity of 120000 tons / year. Tianjin Company's existing semi closed calcium carbide furnace no longer meets the requirements of the new industrial policy after 2020, facing the status of industrial transformation and upgrading or asset disposal. Tianjin Company is located in Xinfa industrial concentration area of Pingshan County, which is one of the few industrial parks that can meet the production of high titanium slag in Yibin area.
OKCHEM is the strategic partner of Yibin Tianyuan Haifeng Hetai Co., Ltd in its chloride process titanium dioxide. If you want to join us to become the distribution partner of Yibin Tianyuan Haifeng Hetai Co., Ltd, please contact us at firstname.lastname@example.org. You may also make the application online at: https://www.okchem.com/agent/detail/tio2/Tianyuan
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Source: Ruidao Titanium Information