CNNC Titanium Dioxide to Terminate 500,000 mt Iron Phosphate Project, Repurpose Funds

Published: Jun 3, 2025 17:12

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[Phosphorus Chemicals: CNNC Titanium Dioxide Plans to Terminate 500,000 mt Iron Phosphate Project] On June 2, 2025, CNNC Titanium Dioxide (stock code: 002145) announced its plan to terminate its "Water-Soluble Monoammonium Phosphate (Water-Soluble Fertilizer) Resource Recycling Project" and the "500,000 mt/year Iron Phosphate Project." The remaining 1.666 billion yuan of raised funds will be permanently used to supplement working capital, supporting the company's daily production, operation, and business expansion. Currently, the company's production layout is as follows: 550,000 mt/year capacity for rutile titanium dioxide, 100,000 mt/year capacity for iron phosphate, 500,000 mt/year capacity for phosphate ore, and 120,000 mt/year capacity for yellow phosphorus.

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