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    Home > Coatings News > Paints and Coatings Market > Lomon Baili plans to issue H shares to be listed on the Hong Kong Stock Exchange to create a 100 billion-level industrial group

    Lomon Baili plans to issue H shares to be listed on the Hong Kong Stock Exchange to create a 100 billion-level industrial group

    • Last Update: 2021-06-28
    • Source: Internet
    • Author: User
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    A few days ago, Lomon Baili issued an announcement stating that it intends to issue overseas listed foreign shares (H shares) for the initial public offering and apply for listing on the main board of the Hong Kong Stock Exchange
    .
    Lomon Baili focuses on the optimization and upgrading of the entire industry chain, and its operating performance has been steadily improved
    .
    Public information shows that Lomon Baili’s high-quality development is mainly reflected in the following aspects: On the one hand, it focuses on the main business and keeps upgrading traditional technology and craftsmanship
    .
    In terms of scale, the company's titanium dioxide has grown from scratch, and its production capacity ranks among the top in the world; in terms of technology, the company has continuously upgraded the sulfuric acid process clean production process and actively promoted the chlorination process advanced production process
    .
    At present, the production capacity of chlorinated titanium dioxide has exceeded 400,000 tons per year, accounting for more than 40% of the company’s total production capacity of titanium dioxide.
    China’s largest industrial chain chlorination production base has been built, and China’s large-scale boiling chlorination titanium dioxide has been developed.
    Production is a precedent
    .
    This is of far-reaching significance in making up for the lack of production capacity of China's high-end titanium dioxide, improving international market competitiveness and optimizing resource allocation
    .
    On the other hand, innovation leads the transformation and upgrading, and strives to achieve green and high-quality development
    .
    Lomon Baililian is a national-level high-tech enterprise.
    Its pioneering sulfur-chlorine coupling green manufacturing technology enables the two major processes in the titanium dioxide industry to achieve "coupling and co-production", which solves the current problem of high solid waste in the sulfuric acid process and high cost of the chlorination process.
    Industry problems
    .
    At the same time, Lomon Baililian also innovatively carried out a series of researches on the preparation of chlorination raw materials from domestic titanium ore, vanadium extraction from ilmenite, and titanium metal smelting technology, which will eventually build a green high The quality industry development system lays the foundation for building a 100-billion-level industrial group
    .
    Xu Gang, chairman of Lomon Baili, once publicly stated that the company adheres to the strategy of "walking on two legs" for self-built project investment and capital market expansion, and rapidly enhances the competitiveness of the entire industry chain
    .
    Since the company’s listing, on the one hand, it has increased its investment in self-built projects; on the other hand, it has actively implemented outbound mergers and acquisitions around the industrial chain, rapidly expanded its scale, and continuously consolidated its competitive advantage in the entire industrial chain.

    .
    In 2016, Lomon Baili raised funds to acquire the equity of Lomon Titanium, and became the leading titanium dioxide enterprise in Asia, realizing the effective integration of industrial resources and the efficient extension of the industrial chain, in order to further build an internationally competitive global The new titanium chemical industry has created conditions for improving the competitive landscape of China’s titanium dioxide industry, leading and improving the overall profitability of the industry
    .
    Especially in 2019, the company has successively acquired Yunnan Xinli and Dongfang Zirconium Industry, entering a new stage of "titanium-zirconium symbiosis, two-wing development"
    .
    In the next three to five years, Lomon Baili will comprehensively build an industrial development system covering the fields of "titanium, zirconium, vanadium, iron, scandium" and other elements, and build a 100 billion-level industrial group
    .
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