Longbai Group invests in the construction of an innovative project to upgrade and transform the titanium sponge production line with an annual capacity of 10,000 tons.

On January 17, Longbai Group announced that at the 31st meeting of the Seventh Board of Directors of Longbai Group Co., Ltd. (hereinafter referred to as "the company") on January 17, 2022, the "proposal on investing in the upgrading and renovation of 10,000 tons of Titanium Sponge production Line" was examined and approved. In order to seize the development opportunity of the titanium industry and further improve the layout of the titanium industry, Yunnan Guoti Metal Co., Ltd. (hereinafter referred to as "Yunnan GuoTi"), a holding subsidiary of the company, plans to invest in the upgrading and renovation of 10kt/a sponge titanium production line.

According to the current production situation and development plan of Yunnan national titanium 10, 000 tons sponge titanium production line, two chlorination furnace production lines are operated at the same time, and some of the supporting production auxiliary systems are optimized and expanded. finally, the production capacity of refined titanium tetrachloride reaches 200000 t / a, of which 120000 tons of refined titanium tetrachloride is sold as a product, and 80, 000 tons of refined titanium tetrachloride is sent to the sponge titanium production workshop as an intermediate product to produce 20, 000 tons of sponge titanium

Longbai Group points out that titanium has the outstanding characteristics of low density, high strength, low thermal conductivity, good resistance to high temperature and low temperature, strong corrosion resistance and good biocompatibility. It is widely used in aviation, aerospace, warships, weapons, biomedicine, chemical metallurgy, marine engineering, sports and leisure and other fields, known as "space metal", "ocean metal", "modern metal" and "strategic metal". Titanium industry is the basic industry of national economic development and industrial upgrading, which is of strategic significance to the development of national defense, economy, science and technology. China has issued a series of policies to support the development of titanium industry.

The company and its subsidiaries already have mature core technologies such as sponge titanium, high titanium slag and large-scale "boiling furnace" chlorination, forming a complete titanium industry chain, which can provide strong support for the implementation of this project.

The implementation of this project will enrich the company's titanium product range, rely on the company's existing industrial chain, further give play to the company's large-scale advantages, and enhance the company's position in the titanium industry, promote the optimization and upgrading of the company's titanium concentrate-titanium chloride slag-chlorinated titanium dioxide-sponge titanium-titanium alloy whole industrial chain, and achieve the development goal of "making refined titanium products and fine titanium derivatives". Enhance the company's profitability and core competitiveness, promote the enterprise can