Henan Billions, Lomon plough ahead with merger

By Albert Li
Published: Wednesday, 02 November 2016

Financial backing has been secured with Shanghai Pudong Development Bank, which will provide credit to support the Billions, as both TiO2 producers posted good performances in Q3 and are looking ahead to chloride route expansion.

China’s Henan Billions Chemicals Co, and fellow titanium dioxide (TiO2) producer Sichuan Lomon Co. have secured the support of financial creditors to assist in the merger deal, as the companies aim to become the largest TiO2 producer in Asia.

Gang Xu, president of Billions, has announced that the company has...

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