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...

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