Price Rise Notification Longboli Titanium Dioxide Price Rise

On August 2, 2019, Longbaili announced that since August 15, the company's price of titanium dioxide of various types has increased by 500 yuan per ton to domestic customers and 50 dollars per ton to international customers. Located in the western industrial agglomeration area of Jiaozuo, Longbo Lilian Group Co., Ltd. is a large inorganic fine chemical group devoted to the research and development and manufacture of titanium and zirconium fine powder materials. At present, the headquarters of the group has formed five production bases in three provinces, including Jiaozuo in Henan, Deyang in Sichuan, Panzhihua and Xiangyang in Hubei.

It is known that Longboli sold 6051,000 tons of titanium dioxide in 2016, of which 283,000 tons were exported, accounting for 46% of the total sales. Its products were sold well in more than one hundred countries and regions such as Asia-Pacific, Latin America, North America, Europe, Middle East and Africa. In 2017, Longboli achieved 10.354 billion yuan in revenue, an increase of 14.749% over the same period of last year. Net profit was 2.493 billion yuan, up 46.395% year-on-year; tax payment was 1.385 billion yuan, up 312.1% year-on-year. By the end of 2017, the total assets of the Group amounted to 20.8 billion yuan, with a total market value of about 36 billion yuan. Listed on the Shenzhen Stock Exchange in 2011, stock code: 002601. In September 2016, the company raised 10.071 billion yuan through a fixed increase, and invested 9 billion yuan to acquire the ownership of Longtan Titanium Industry in Sichuan Province. The issuance scale created the financing record of Henan Province. The chemical name of titanium dioxide is titanium dioxide, the commercial name is titanium dioxide, and the chemical formula is titanium dioxide. Titanium dioxide has high refractive index, ideal particle size distribution, good covering power and coloring power. It is a white pigment with excellent performance. It is widely used in coatings, rubber, plastics, paper making, printing ink, daily chemical industry, electronic industry, micro-electronics and environmental protection industry.