On November 18th, the launching ceremony of HNLM Group is expected to invest 19.8 yuan in an annual output of 30,000 tons of titanium alloy new materials and distributed energy projects. After the project is completed and put into operation, HNLM Group will become the first domestic enterprise to build a complete industrial chain of "titanium ore-titanium slag-titanium tetrachloride-sponge titanium-titanium alloy", and will develop from the largest titanium dioxide production base in Asia to the largest High-end titanium alloy manufacturer in China.
Relying on the company `s titanium ore resources and raw material advantages, the introduction of advanced foreign fully-automated production processes will reduce the production cost of sponge titanium and increase China's international competitiveness in the field of high-end titanium materials. New high-end titanium alloy materials are widely used in different fields such as aerospace, marine engineering, and medical industries. It is estimated that after the project is completed and put into operation, it can realize an annual operating income of 2 billion yuan. The company's distributed energy project will provide sufficient high-pressure steam and electric energy for strategic projects such as chloride, sponge titanium, and high-end titanium alloys of Longbai Group, and it will become an auxiliary thermoelectric center in the industrial cluster area of western Jiaozuo.
HNLM Group introduced titanium dioxide production technology for the first time in 1988. At present, the titanium dioxide production capacity is nearly 700,000 tons, and it has now become the first in Asia and the fourth in the world. It is understood that the annual investment of 30,000 tons of titanium alloy new materials project is estimated to be 1.98 billion yuan. It is a major industry upgrade project for Longbai Group to give play to its own advantages and conform to the general trend of industrial development to develop the entire industry chain of titanium dioxide. The important steps taken to build a global leader in high-end titanium materials are of great significance to enhance Longman Bailian's international competitiveness and China's international advantage in the field of high-end titanium materials.