The World's Largest Sponge Titanium Company: China Titanium Metal A Round Of Financing 2.2 Billion, The High-End Titanium Alloy Field Of Aviation And Military Industry
Recently, as the world's largest titanium sponge manufacturer, a subsidiary of Longbai Group (002601): Yunnan Guotai Metal Co., Ltd. (hereinafter referred to as "GuoTitanium") completed a round A financing of 2.272 billion yuan, led by Shenzhen Venture Capital, A total of 11 investment institutions including China National Building Material New Material Fund, Shangqi Capital, Bosera Innovation, Yunnan Cloud Investment Capital, Yunnan Industrial Investment Fund, Chuxiong State Investment Corporation, Henan Investment Group, Zhongyuan Yuzi Group, Jiaozuo Investment Group, and Chongxin Capital participated .
Recently, the signing ceremony of China Titanium Metal's equity cooperation was held in Kunming. The total amount of contracts signed is 2.272 billion yuan, including 900 million yuan from Shenzhen Innovation Investment Group and 400 million yuan from China National Building Materials New Materials Fund. At present, all funds have been in place. At the signing ceremony, Yunnan National Titanium Metal Co., Ltd. signed an equity cooperation agreement with 11 companies including Shenzhen Innovation Investment Group, China National Building Materials Group, and Chuxiong State-owned Capital Investment Group, and signed a contract with Kunming University of Science and Technology for the Yunnan National Engineering Research Center for Vacuum Metallurgy. The titanium sub-center co-construction agreement was unveiled.
China Titanium Metal was established in 2019 and is currently the largest titanium sponge manufacturer in the world. The company has preliminarily established a full-process industrial chain of "titanium ore→titanium concentrate→high titanium slag→titanium tetrachloride→electrolytic magnesium→sponge titanium". Reductive distillation" process and "inverted U" joint production process. The company integrates international advanced titanium sponge technology and enters the field of high-end titanium alloys.
He Benliu, chairman of Longbai Group, said that Longbai Group has been adhering to the mission of "creating and leading Titanium life, being a respected enterprise" and developing steadily. At present, the production capacity of titanium dioxide, the main product of the group, exceeds 1.5 million tons per year, and the production capacity of titanium sponge is 50,000 tons per year, both ranking first in the world.
As a holding subsidiary of Longbai Group, Yunnan National Titanium Metal has inherited 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 green development coupled with industry, education and research. The good model, the introduction, digestion, absorption, upgrading and transformation of foreign advanced technology, the formation of unique professional technology and intellectual property rights, the production of rotor-grade sponge titanium and military small particle size, continuous improvement in quality, continuous reduction in cost, marking the Yunnan National Titanium Metal has entered the first echelon of the world, and the market prospect is broad. In the future, Yunnan National Titanium will continue to develop steadily and form a complete titanium metal industry chain, and will go all out to promote project implementation and landing with strategic investors to jointly create a better future.
In recent years, the consumption of titanium materials has continued to grow, and China's titanium sponge market has grown vigorously. From 2015 to 2021, domestic titanium consumption will continue to grow from 43,700 tons to 124,500 tons, with an average annual compound growth rate of 19.05%. As the demand for high-end titanium sponge continues to grow in the fields of military industry, shipbuilding, aerospace and other fields, the market demand for titanium materials will further increase, and there will be huge room for incremental market growth in the future.
Sponge titanium products have excellent ductility, high temperature resistance and excellent corrosion resistance, and can be widely used in many fields such as material chemical industry, water conservancy and electric power, aerospace, metallurgy and steel.
The Shangqi Capital investment team believes that:
The production capacity and output of titanium sponge in Yunnan National Titanium Metal ranks first in the country, and it is a leading enterprise in the industry in the country and even in the world. The company has a comprehensive layout from the mine end, intermediate high-titanium slag, titanium tetrachloride and other links, and has a relatively high competitive advantage in the entire industrial chain. The cooperation with Yunnan Guotai this time is not only a capital cooperation, but also looks forward to the future cooperation between the two parties in the field of automobiles and upstream parts.
On May 24, the signing ceremony of Yunnan Guotai Equity Cooperation was held in Kunming. Liu Yong, Secretary of the Chuxiong State Party Committee, He Benliu, Chairman of Longbai Group, and Ni Zewang, Chairman of Shenzhen Innovation Investment Group, delivered speeches, and Zhang Wenwang, Deputy Secretary of the Chuxiong State Party Committee and Governor Zhang Wenwang presided over the ceremony.
Chen Zhonggeng, deputy director of the Provincial Department of Industry and Information Technology, Jiang Houxian, deputy director of the Yunnan Securities Regulatory Bureau, Yang Bin, vice president of Kunming University of Science and Technology, and other responsible comrades at the provincial level, Zhou Zhiyuan, member of the Standing Committee of the Chuxiong Prefecture Party Committee and secretary general of the Chuxiong Prefecture Party Committee, Wang Jianxiong, deputy governor of Chuxiong Prefecture, Luo Fusheng, Secretary-General of the People's Government of Chuxiong Prefecture, responsible comrades of relevant state-level departments, Lufeng City, and Wuding County, as well as CNBM New Materials Fund, Yunnan Cloud Investment Capital, Yunnan Industrial Investment Fund, Chuxiong State Investment Corporation, Henan Investment Group, Leaders of equity cooperation units such as Zhongyuan Yuzi Group, SAIC Shangqi Capital, Jiaozuo Investment Group, Bosera Innovation, and Zhongxin Capital attended the meeting. Shen Qingfei, Director and Chief Financial Officer of Longbai Group, Chen Jianli, Vice President of R&D and Chairman of Yunnan Guotai, Secretary of the Board of Directors, Vice President Wang Xudong, executive director and general manager Liu Hongxing of Longbai Lufeng Titanium Industry Co., Ltd. and other leaders attended the signing ceremony. The total amount of contracts signed is 2.272 billion yuan, including 900 million yuan from Shenzhen Innovation Investment Group and 400 million yuan from China National Building Materials New Materials Fund. At present, all funds have been in place.
At the ceremony, Chen Jianli introduced the basic situation and listing plan of Yunnan Guotai Company. He said that Yunnan National Titanium has initially established a full-process industrial chain of "titanium ore → titanium concentrate → high-titanium slag → titanium tetrachloride → electrolytic magnesium → sponge titanium". Titanium production capacity ranks among the top in the world. At the same time, it has the international advanced "magnesium reduction distillation" process and "inverted U-shaped" joint production process. The signing of this equity cooperation agreement is an important milestone for the high-quality development of Yunnan Guotai, and it is also a new starting point for promoting all-round cooperation between the two parties. We will forge ahead hand in hand and embark on a new journey!
At the ceremony, He Benliu expressed his gratitude to the leaders of party committees and governments at all levels in Yunnan Province and Chuxiong Prefecture for their concern for the company and friends from the investment community for their support to the company. He said that Longbai Group has been adhering to the mission of "creating a life of Titanium and being a respected enterprise" to develop steadily. At present, the production capacity of titanium dioxide, the main product of the group, exceeds 1.5 million tons per year, and the production capacity of titanium sponge is 50,000 tons per year, both ranking first in the world.
As a holding subsidiary of Longbai Group, Yunnan Guotai has inherited 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 technological innovation, it has formed a green development of industry-university-research Good model, the introduction, digestion, absorption, upgrading and transformation of foreign advanced technology, the formation of unique professional technology and intellectual property rights, the production of rotor-grade sponge titanium and military small particle size, continuous improvement in quality, and continuous reduction in cost, marking Yunnan China Titanium has entered the first echelon of the world, and the market prospect is broad. In the future, Yunnan National Titanium will continue to develop steadily and form a complete titanium metal industry chain, and will go all out to promote project implementation and landing with strategic investors to jointly create a better future.
Ni Zewang introduced the situation of Shenzhen Innovation Investment Company, and was full of expectations for the cooperation with Yunnan Guotai. He said that the cooperation with Yunnan Guotai is not only the investment of capital, but also the sharing and exchange of talents, technology, experience, management and other aspects. In-depth integration of industry chain, innovation chain, capital chain, and talent chain to build a mutually beneficial and win-win partnership. Vice President Yang Bin of Kunming University of Science and Technology introduced the relevant situation of the project of Yunnan National Titanium Sub-center of National Engineering Research Center for Vacuum Metallurgy.
On behalf of the state party committee and the state government, Liu Yong, Secretary of the Chuxiong State Party Committee, expressed his heartfelt thanks to leaders at all levels and entrepreneurs who have cared for and supported the development of Chuxiong for a long time. He said that at present, Chuxiong Prefecture is deeply implementing the strategy of strengthening the state through industry, actively giving play to its industrial base, resource endowment, and comparative advantages, and accurately extending and supplementing the chain to strengthen the chain. Copper Industry Cluster. The cooperation between Chuxiong Prefecture and Longbai Group has been going on for a long time, and they have jointly created inspiring stories such as "Longbai Speed" and "Longbai Brand", which have made important contributions to the industrial transformation and upgrading of Chuxiong Prefecture. It is hoped that enterprises will take this equity cooperation signing as an opportunity to further deepen cooperation and work together to promote the chain extension of the titanium industry, the iterative upgrading of titanium technology, and accelerate the creation of a "green titanium valley", so as to jointly achieve a win-win situation for multiple parties and promote high-quality development . Chuxiong Prefecture will continue to help enterprises grow and develop with the best policies, resources, services and environment.
Subsequently, Shen Qingfei, director and chief financial officer of Longbai Group, Liu Hongxing, executive director and general manager of Longbai Lufeng Titanium Industry Co., Ltd., and Chen Jianli, chairman of Yunnan Guotai Metal Co., Ltd., signed an equity cooperation agreement with the equity partner; at the same time, Kunming University of Technology Yang Bin, vice president of the university, and Li Jianjun, general manager of Yunnan National Titanium Metal Co., Ltd. signed an agreement on the co-construction of the Yunnan National Titanium Sub-center of the National Engineering Research Center for Vacuum Metallurgy, and jointly unveiled the sub-center.
