On March 6th, Lubei Chemical announced that its wholly-owned subsidiary Shandong Xianghai Titanium Resources Technology Co., Ltd. plans to invest 719 million yuan to build an annual production of 60,000 tons of chlorinated titanium dioxide expansion project. The project is expected to bring a production scale of 60,000 tons/year of chlorinated titanium dioxide and 20,000 tons/year of chlorine gas.

After the project is put into operation, it is expected to bring an annual operating income of 1.32 billion yuan.Lubei Chemical said that the investment in the construction of an annual output of 60,000 tons of chlorinated titanium dioxide expansion project is conducive to improving the company's titanium dioxide production capacity, enhancing the company's titanium dioxide market share, enhancing product competitiveness and profitability, improving the company's strategic layout, and laying a good foundation for the company's future development.