LB Group Announces Investments in Manufacturing Capacity
JIAOZUO, China — The board of directors at LB Group has approved investments that include a new titanium dioxide (TiO2) pigment finishing plant and the doubling of the production of titanium sponge. Construction is expected to begin in the first quarter of 2022.
The company will invest one billion RMB (approximately $157.6 million) at its site in Xiangyang, China. The investment will include the construction of a new 200ktpa TiO2 pigment finishing plant. Two TiO2 pigment finishing lines will be built, each with the ability to process 100ktpa of TiO2 pigment intermediate product.