PPG (New York Stock Exchange: PPG) and HNLM Group recently announced the signing of a multi-year titanium dioxide supply agreement to further expand the cooperative relationship. According to the provisions of this agreement, based on the existing production capacity, HNLM will supply an additional batch of titanium dioxide produced by the chlorination method and the sulfuric acid method to PPG. In addition, PPG also promised to purchase titanium chloride from a new production base that is currently under construction and is expected to officially start production in 2019. HNLM is a leading global supplier of titanium dioxide. Specific business terms of the agreement were not disclosed.
"HNLM Group, the fourth largest titanium dioxide supplier in the world in the past 6 years, has been an excellent partner of PPG." Said Tim Knavish, senior vice president of PPG responsible for the company's global supply management business. "At present, HNLM is continuously expanding its production capacity and is committed to continuous investment in increasing the production capacity of titanium dioxide. The signing of a multi-year product supply agreement is the best manifestation of our confidence in HNLM these measures. We look forward to continuing to maintain a close working relationship with HNLM in the future. "
"By continuing investment to promote the innovative production model of chlorinated and sulfated titanium dioxide, HNLM's business is growing and growing. PPG has always been one of our most important partners. This multi-year product supply agreement will It will create more value for the two companies. We hope that the partnership with PPG will be further expanded in the future. "Said Tan Ruiqing, vice chairman of HNLM Group, which is responsible for the supply and sales of the group.
Titanium dioxide is an important chemical raw material with excellent hiding, durability and whitening properties, so it is widely used in the production process of PPG and other paint and coating manufacturers.