Henan Billions seals $1.47bn Lomon merger

By Laura Syrett
Published: Monday, 08 June 2015

The closure of the deal to create the largest TiO2 producer in Asia was announced late last week and the new company’s progress will be watched with interest as analysts anticipate its potential accession through the global ranks as a low-cost, increasingly high quality pigment supplier.

By Dominic Morgan*

Henan Billions Chemicals Co. has successfully acquired a 100% equity stake in rival Chinese titanium dioxide (TiO2) producer Sichuan Lomon Titanium Industry Co. for Chinese renminbi (Rmb) 9bn ($1.47bn**), Henan Billions announced late on Friday.

The deal will...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.