On 26 April 2020, Zhang Baoliang, the Municipal Committee leader
and Vice Mayor of Binzhou City, together with other city leaders, made a
site visit in Shandong Jinhai
Titanium Resources Technology Co., Ltd to observe the 100,000 ton per year rutile titanium
oxide relocation and technical renovation project. The relocation project
has faced difficulties resuming work due to COVID-19 since the
Spring Festival but finally restarted with the help of governments at all
levels.
The 100,000 ton per year rutile titanium oxide relocation and
technical renovation project was originally conducted in Shandong Lubei
Titanium Co., Ltd. According to general requirements of the transformation and
upgrading of all chemical enterprises in Shandong, Lubei Enterprise Group, the
head office of Shandong Jinhai Titanium Resources Technology Co., Ltd decided
to conduct the project and relocate all the titanium dioxide devices in Shandong Jinhai Titanium Resources Technology
Co., Ltd, which is located inside the High and New Technology Industrial
Development Zone of Lubei, Shandong.
Large-scale titanium product
production line to be built in Binzhou, Shandong
Shandong Jinhai Titanium Resources
Technology Co., Ltd has more than 500 workers with 200 engineers and
technicians. The main products of the company are nano-titanium oxide, chemical
fiber of titanium dioxide, titanium coating, titanium plastic, tungsten
titanium powder and denitrifying agents.
The relocation project is designed
by two companies, namely Shandong Xinfeng Engineering Design Co., Ltd and
Shandong Lubei Chemical Building Materials Design Institute, and the relocation
project is constructed by CCCC-Tianjing Dredging Co. Ltd. The relocation
project leads the chemical industry in terms of the technology and devices used
in the project. The project covers about 150,000 square meters. The main part
of the project is to build a 100,000 ton per year rutile titanium oxide
production line, substituting reduced titanium oxide for production devices of
iron powder and polymerized ferrous sulfate, white
plaster, and processing devices for waste acid and wastewater. The total
investment of the 100,000 ton per year rutile titanium oxide relocation and
technical renovation project is RMB 550 million, among which RMB 200 million is
collected from bank loans and investment funds. Shandong Jinhai Titanium
Resources Technology Co., Ltd plans to invest another RMB 400 million into the
relocation project this year. By April 24, 2020, the project was 47.5% complete
according to the annual completion plan, and RMB 190 million was spent in the
project.
Work resumption expected to stimulate sluggish economy amidst COVID-19
Since the outbreak of the COVID-19
virus during Chinese Spring Festival, the relocation project has met
difficulties resuming work. In order to continue the relocation project during
the COVID-19 virus, with the great help of governments at all levels, over 220
workers resumed work. 54 workers from Henan, Hebei, Tianjin, and other
provinces were safely picked up by the company and resumed work. Five tonnes of
sodium chlorate disinfectant and 400 surgical masks were also provided for
workers during the COVID-19 virus period.
After the establishment of the
relocation project, the annual production capacity of rutile titanium dioxide
will reach 250,000 tonnes, and the annual sales income will reach RMB 4 billion
with a profit tax of RMB 750 million. The completion of the relocation project
will create over 500 jobs, which will make a great contribution to the economy
of Binzhou.
For more information on China's TiO2 market, please check our Titanium
Dioxide China Monthly Report or email emarket1@cnchemicals.com.