Longyi Group held a 200,000 tons / year chlorinated titanium dioxide project syndicated signing ceremony

Pictured is the site of the syndicated signing ceremony for the 200,000-ton/year chlorination project
On the morning of December 11, 2018, the signing ceremony of the 200,000-ton/year chlorinated law project of the Longan Group was held at headquarters. Wu Qijin, Party Secretary and President of Henan Branch of the Export-Import Bank of China, Wang Hongzhi, Assistant President, Liu Hai, Director of the Business Division, Ma Shiliang, Vice President Zhang Zhiguo, General Manager of the Company Department, Xu Gang, Finance Director Shen Qingfei, and Liu Hongxing, Chairman of New Materials Company, attended the ceremony. Wang Hongzhi, Assistant Governor of Henan Branch of the Export-Import Bank, presided over
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ceremony, Liu Hai, director of the business department of Henan Branch of the Export-Import Bank, first introduced the syndic group loan scheme. At present, 200,000 tons / year chlorination project is progressing smoothly, Longyi Group's New Materials Company has invested about 700 million yuan in the project, is expected to start production in 2019, the end of the year basically completed most of the construction, is currently urgently waiting for syndicated loans to support the project follow-up construction and commissioning. The Export-Import Bank and ICBC of the Syndication Bank have approved the project, amounting to RMB950 million. At this point, by consensus between the syndicum and the borrower, Wang Hongzhi announced the success of the project syndic group.
on the friendly cooperation between the two sides, Chairman Xu Gang made a wonderful speech. He said that the signing ceremony of the 200,000-ton/year chlorinated titanium dioxide project is of far-reaching significance for the development of the Group's cause. The company is China's leading titanium chemical enterprises, chlorinated titanium dioxide technology is the company actively leading the direction of industry development, technology upgrading across the core strategic projects.
while affirming the development, Xu Dong also pointed out that enterprises in the rapid development of technology, capital, market and other aspects of the test, especially financing pressure, has increasingly become the bottleneck of the company's sustainable development. At this time, the company and the banks successfully achieve strong union, can be called a model of cooperation between banks and enterprises. It is hoped that the two sides will work together in depth to create a win-win situation.
Ma Shiliang, president of the Jiao zuo branch of Industrial and Commercial Bank of China, said that the signing of the 200,000-ton/year chlorination project is a concrete action by the two sides to work closely together to respond to the call of the Central Committee and implement the spirit of General Secretary Xi Jinping's November 1 private enterprise symposium speech to jointly support the development of private enterprises, as well as concrete actions by ICBC to serve the real economy and promote high-quality economic development.For more than
years, through the continuous introduction of technology updating technology, optimize product structure, expand production capacity, embarked on a high-end, green, intelligent, integrated sustainable development road, has become Asia's leading titanium dioxide enterprises, state-level high-tech enterprises and Henan Province transformation and upgrading of the benchmark enterprises, especially 200,000 tons / year chlorination project, in the future, the Group will break the long-term technology monopoly abroad, to achieve China's titanium dioxide industry upgrade, improve the competitiveness of the national titanium dioxide industry. Industrial and Commercial Bank of China has always adhered to the service of the local economy and the development of private enterprises as its own responsibility, to multi-service channels, advanced service concepts, innovative spirit, and local private enterprises to maintain a good interaction. In recent years, ICBC adhere to the service source, strengthen political responsibility, has issued a series of major measures to support the development of private enterprises, a strong impetus to structural adjustment and transformation and upgrading, the next step we will take this signing cooperation as an opportunity to provide a deeper level of financing support and quality services for the entire industrial chain economy layout of the Longan Group, play a role in promoting the private economy, and constantly improve the effectiveness of the service real economy. The signing of the syndic group marks a new stage of trip-party cooperation, firmly believe that through the joint efforts of the three parties, we will be able to write a new chapter of win-win development, in order to achieve the "excellence, global, centennier" vision of long-term contribution.
Wu Qijin, President of Henan Branch of the Export-Import Bank of China, gave full recognition to the achievements made by the Longyu Lilian Group in the continuous development of the global value chain and industrial chain, and hoped that enterprises would take advantage of the opportunity to overcome difficulties and achieve high-quality economic development. The group banks will strengthen cooperation, do a good job in business development, increase economic support to Henan, fully serve the development of enterprises, for the Central Plains economy to contribute more brilliantly. The Export-Import Bank of China will earnestly implement General Secretary Xi's "two unshakable" spirit, give full play to its advantages, support large-scale private enterprises such as Long Yulilian across the globe, and promote enterprises to grow and strengthen quickly and achieve high-quality leapfrog development.
With full of confidence and hope, Liu Hongxing, chairman of the new materials company, Ma Shiliang, president of ICBC's Jiaozhou branch, and Wang Hongzhi, assistant governor of the Henan branch of the Export-Import Bank of China, signed the contract and posed for photos.200,000 tons / year chlorination project syndicated group successfully completed the signingthe successful signing of the three-way representative photo