The signing ceremony for equity cooperation between Yunnan Guotai, a subsidiary of Longbai Group, was held in Kunming. The total contracted amount is 2.272 billion yuan, including 900 million yuan for Shenzhen Innovation Investment Group and 400 million yuan for China National Building Materials New Materials Fund. All funds have been fully in place.

  Yunnan Guotai has initially established a full-process industrial chain of "titanium ore → titanium concentrate → high-titanium slag → titanium tetrachloride → electrolytic magnesium → sponge titanium". The existing titanium sponge production capacity is 50,000 tons/year, and the titanium sponge production capacity ranks among the world's top. At the same time, it has the internationally advanced "magnesium reduction distillation" process and "inverted U-shaped" joint production process.

  He Benren, chairman of Longbai Group, said that Longbai Group has always adhered to the mission of "creating and leading a beautiful life and becoming a respected enterprise" to develop steadily. At present, the production capacity of the group's main products, titanium dioxide, exceeds 1.5 million tons/year, and sponge titanium production capacity is 50,000 tons/year, ranking among the top in the world. As a holding subsidiary of Longbai Group, Yunnan Guotai inherits the group's excellent R & D and management capabilities, and has performed well in technological innovation, cost control, quality management, and operation management. Especially in terms of technological innovation, it has formed a good model of coupling industry, academia and research with green development. The introduction, digestion, absorption, improvement and transformation of foreign advanced technology have formed unique professional technology and intellectual property rights, and the quality of the rotor-grade sponge titanium and small grain size for military industry has been continuously improved. The continuous reduction of costs means that Yunnan National Titanium has entered the first echelon in the world and has broad market prospects. In the future, Yunnan Guotai will continue to develop steadily, form a complete titanium industry chain, and go all out to promote project implementation and implementation with strategic investors to jointly create a better future.