27 November 2018
VIEW LOMON BILLIONS FULL PRESENTATION
The business of Lomon Billions
consists of 6 main synergistic product lines:
Coatings, Plastics, Inks, Catalysts, Paper
ZIRCONIUM PRODUCTS
ZOC, ZrO2 Powder, Grinding Media, Ceramic
IRON OXIDE PIGMENT
Coatings, Inks, Building Materials, Paper
FERROUS SULPHATE MONOHYDRATE
Feed additive, Water treatment flocculant, Feedstock material for:
Iron Oxide, Industrial catalyst, Iron fertilizer
SULPHURIC ACID
Feedstock material for:
TiO2 manufacture
ILMENITE & SLAG
Feedstock material for:
TiO2 manufacture
DETAILS
PPG (NYSE:PPG) and Lomon Billions
today announced an expanded, multi-year
titanium-dioxide (TiO2) supply agreement.
Under the agreement, Lomon Billions will supply
additional quantities of chloride- and sulfate-based TiO2
to PPG from Lomon Billions’ existing manufacturing capacity.
In addition, PPG has committed to purchasing
additional supplies of chloride-based TiO2
from new manufacturing capacity
that is currently being constructed by Lomon Billions
and is expected to be on line in 2019.
Lomon Billions is one of the world’s leading TiO2 suppliers.
Commercial terms of the agreement were not disclosed.
TiO2 is an important raw material widely used by PPG
and other paint and coatings manufacturers
as a pigment to provide hiding, durability
and whiteness characteristic.
Tim Knavish,
PPG senior vice president,
who oversees PPG’s global supply management function
“Over the past six years, Lomon Billions has been
an excellent partner as the company has become
the fourth largest global supplier of TiO2,”
“This multi-year expansion of our supply agreement
is a reflection of our continued confidence
in the growing capability of Lomon Billions
and their commitment to make ongoing investments
in additional TiO2 manufacturing capacity.
We look forward to continuing our work
with Lomon Billions.”
Ruiqing Tan,
Vice Chairman of Lomon Billions,
who oversees the company’s supply and sales functions
“As Lomon Billions continues its growth through investing
in innovative manufacturing of
chloride- and sulfate-based TiO2,
PPG has been one of our most important partners,”
“This multi-year expansion agreement will create
additional value for both companies.
We look forward to continuing our partnership
with PPG.”
Contact:
PPG Media Contact:
Mark Silvey
Corporate Communications
+1-412-434-3046
silvey@ppg.com
PPG Investor Contact:
John Bruno
Investor Relations
+1-412-434-3466
jbruno@ppg.com
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