MOSCOW (MRC) -- Lomon Billions has expanded and extended multi-year titanium-dioxide (TiO2) supply agreement. Lomon will supply additional quantities of chloride- and sulfate-based TiO2 to PPG, said the company.
In addition, PPG will purchase additional supplies of chloride-based TiO2 from Lomon’s new manufacturing capacity, currently under construction. The plant is expected to be on line in 2019.
“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 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,” said Tim Knavish, PPG senior vice president, who oversees supply management function.
"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,” added Ruiqing Tan, vice chairman of Lomon Billions, who oversees supply and sales functions.
MRC