On April 8 2020, HNLM issued an announcement saying that it had considered and approved the company’s holding subsidiary New Materials Company to invest in a new high-end titanium alloy new material project with an annual output of 30,000 tons in order to make full use of the company’s existing production facilities. And titanium industry production experience, develop high-end titanium alloy materials, and create a more complete titanium industry chain.
The announcement shows that the annual investment of the high-end titanium alloy new material project with an annual output of 30,000 tons is estimated to be 1.98 billion yuan, with a construction period of 2 years. It is planned to be built in the HNLM Group Industrial Park in the western zone of the industrial zone.
HNLM said that the construction and operation of the project will help to further optimize and upgrade the company’s entire industrial chain of titanium concentrates-titanium chloride slag-chlorinated titanium dioxide-sponge titanium-titanium alloys, “Titanium products, make fine titanium derivatives” development goal.
About HNLM
The company is one of the few companies in the global industry with both sulfuric acid and chlorination titanium dioxide production processes and the entire industrial chain. It is also the only company in China that has mastered large-scale boiling chlorination titanium dioxide production technology. At present, the scale of enterprises in Jiaozuo, Henan, Deyang, Sichuan, Panzhihua, Xiangyang, Hubei, and Chuxiong, Yunnan, and other six provinces has reached the scale of six production bases, with over 10,000 employees. Its main titanium dioxide production capacity exceeds 1 million tons. In 2018, the Group achieved approximately 600,000 tons of titanium dioxide production and sales, of which approximately 320,000 tons were exported, accounting for more than 30% of the total domestic industry export volume. In the whole year, the operating income was 10.554 billion yuan, and the net profit was 2.32 billion yuan. The tax paid was 1.48 billion yuan, and it was included in the 2018 China Top 500 Manufacturing Enterprises, China Petroleum and Chemical “Top 500” Enterprises and Henan Top 100 Enterprises.
In the future, under the guidance of the “green development” concept, enterprises will continue to explore and practice the vertical integration and horizontal recycling of the titanium industry, leading the way for high-quality development in the industry. Create the world’s only titanium dioxide production enterprise that has a co-production technology coupled with the sulfuric acid method and the chlorination method; rely on raw materials and technological advantages to create a low-cost co-production system for chlorinated titanium dioxide, titanium sponge and high-end titanium alloys; meanwhile, actively Expand the field of titanium derivatives such as “vanadium, zirconium, iron, hafnium” and improve the green large-cycle industrial chain. In the end, a diversified and high-quality development system centered on the titanium dioxide business, titanium alloy business, titanium derivatives business, and green engineering technology consulting business in the titanium industry will strive to build HNLM in about ten years. It has become a large-scale chemical enterprise group with annual sales revenue of over 60 billion yuan, profits and taxes of over 10 billion yuan, and first-class competitiveness in domestic and foreign industries. It has become a model for China’s chemical industry to achieve green and high-quality development.