LB Group, one of China’s leading titanium dioxide producers, has announced a series of significant overseas expansion moves, underscoring its determination to advance its global industrial footprint and enhance international competitiveness.
On the evening of October 16, the company disclosed that its European subsidiary, Billions Europe, has reached an agreement to acquire titanium dioxide–related assets from Venator UK, a subsidiary of global titanium dioxide producer Venator. The total consideration for the transaction is USD 69.9 million, with an additional USD 14.19 million in associated taxes and fees, including VAT and stamp duties. The acquisition will be funded through the company’s own capital or self-raised funds.
The assets involved in the acquisition include land, buildings, machinery and equipment, spare parts, business records, intellectual property, and inventories. These assets are part of Venator’s titanium dioxide operations, a company recognized as one of the top four TiO₂ producers in Europe and North America. Notably, Venator UK operates the group’s only chloride-process titanium dioxide plant, with an annual design capacity of 150,000 tons. The facility is known for high product quality and strong customer relationships.
Venator announced earlier this year that it was facing financial difficulties due to rising energy costs and intensified market competition, leading to the closure of its German plant and suspension of Asian production. The sale of its UK assets is part of its restructuring efforts.
In addition to the UK acquisition, Lomon Billions unveiled another strategic move on October 16. To strengthen its global business presence and better serve international clients, its wholly owned subsidiary BILLIONS (Hong Kong) Corporation Ltd. plans to establish two new overseas companies:
- Lomon Billions Advanced Material Asia Sdn. Bhd. in Malaysia, with a capital investment of USD 5 million;
- Lomon Billions British Titanium Industry Co., Ltd. in the United Kingdom, with an investment of USD 50 million.
These developments mark a major step forward in Lomon Billions’ internationalization strategy, positioning the company to secure a stronger foothold in the global titanium dioxide market and enhance its competitiveness across Europe and Asia.
