Longyu Lilian plans to invest another 2 billion yuan to build a titanium dioxide, reduced titanium and synthetic redstone production line

"Based on 2018 operating income, this year Longyu Titanium will reduce taxes and fees by 50 million yuan, which is a huge good policy for the 387 million yuan worth of titanium dioxide technology transformation and expansion projects we are investing in!" Fan Xianguo, head of Puyang Longyu Titanium Co., Ltd., said excitedly.
It is learned that the company was established in April 2011, its main product gold-redstone-type titanium dioxide is exported to Asia, Africa, the United States and Europe and other places dozens of countries and regions, the annual output ranks first in Asia, the world's fourth, is a veritable titanium dioxide production industry "Taishan Beidou." In 2018, the company's total assets of 1.5 billion yuan, sales revenue of 1.813 billion yuan, tax revenue of 230 million yuan, accounting for about 10% of the 2018 tax revenue in Nanxian County, for the local economic development has provided a strong

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Fan Xianguo introduced, affected by Sino-US trade friction, the company's export product sales have been significantly affected, coupled with rising raw material prices and other factors, it is expected that in 2019, for every 100,000 tons of titanium dioxide sold in the long-term titanium industry, due to price factors will lead to a year-on-year decrease in profits of 229.6 million yuan. Although the enterprise itself through production and re-investment to expand production capacity, looking for a way out, but the top-down long-term titanium industry is still feeling uncertainty about the future development.
In response to the state's universal tax relief policy, Nanxian County Tax Bureau to serve the local economy as a starting point, the formation of a special class to carry out one-on-one accurate counseling, to ensure that enterprises can "enjoy, enjoy fast." It has been estimated that the long-term titanium industry involves a total of 49.21 million yuan in corporate taxes and fees, including a reduction in the value-added tax rate, a decrease in the value-added tax surcharge, an increase in the proportion of research and development expenses plus deductions, and a reduction in land use tax relief.
in addition to the implementation of technological transformation projects, we also intend to build a new production line, with practical action to return national and local support for our enterprises! "Longyu Titanium Co., Ltd. and its parent company, Longyu Lilian Group Co., Ltd., are full of confidence in the development of the enterprise.
At present, Longyu Titanium Company has signed with the Nanxian County People's Government, "Longyu Lilian Group continues to expand the titanium dioxide industry chain project investment strategic cooperation framework agreement", is expected to invest another 2 billion yuan in Nanxian County to expand a titanium dioxide, reduced titanium and synthetic redstone production line, to achieve the comprehensive utilization of waste acid, to drive the transformation and development of enterprises.