held a ribbon-cutting ceremony to celebrate the opening of its sales and technical services office in Shanghai.
The ceremony was hosted by Haiming Qu, assistant to the CEO and executive deputy GM of sales.
The ceremony was attended by Ruiqing Tan, vice chairman of Lomon Billions Group; Ge Yao, assistant to the chairman; Ran Xu, assistant to the CEO; Zhaoxia Yan, GM of Lomon Billions Trading Company and Yurong Zhang, director of Lomon Billions’ Research Institute in Jiaozuo.
“Since the merger between Lomon and Billions, the business has developed rapidly," Tan said. "Last year we acquired Xinli Titanium Industry and our current titanium dioxide pigment production capacity now exceeds 1 million tons making us one of the world’s top 3 titanium dioxide pigment manufacturers and No. 1 in Asia.
"Our products are sold to many countries and regions around the world. The proportion of our TiO2 pigment sales that is exported has continuously exceeded 50 percent for many years. It is currently around 75-80 percent. Within the next three to five years, our annual TiO2 sales target will exceed more than 1 million tons," Tan continued.
"Our Shanghai location will attract commercial and technical talent to help us achieve continuous improvement in sales and R&D, support the company’s continued healthy and sustainable development, and further enhance the Group’s international competitiveness," Tan concluded.