Producer
LB Group (Lomon Billions)
China's largest TiO2 producer; ~14–17% global market share; operates both chloride and sulfate processes across 6 sites in 5 Chinese locations (~1,215 kt/yr capacity); acquired Venator's Greatham (England) plant in 2025.
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TiO2 Pigment (China #1 — ~1,215 kt/yr)
75%Mineral Mining & Chemical Intermediates
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Incident2024
Venator Materials, formerly the #4–5 global TiO2 producer with ~450 kt/yr capacity, entered Chapter 11 bankruptcy in May 2023, shut its Duisburg (Germany) plant in 2024 (290 jobs), suspended its 60 kt/yr Teluk Kalong (Malaysia) plant September 2025, entered UK administration August 2025, and sold its Greatham (England) plant to Chinese producer LB Group — eliminating a major Western TiO2 supply node within 2 years.
eTiO2.com ↗Did you know2023
Lomon Billions' TiO2 pigment serves the same multi-sector supply chain as other TiO2 producers, but its Chinese origin creates a distinct policy dimension: (1) Construction coatings — TiO2 is the white pigment in exterior house paint globally; Chinese TiO2 production (Lomon Billions + other producers) is subject to US and EU anti-dumping measures; Western paint companies must choose between lower-cost Chinese TiO2 (subject to duties) and more expensive Western TiO2; (2) Sunscreen UV filter — titanium dioxide is one of two mineral UV filters (alongside zinc oxide) in physical/mineral sunscreen; FDA has approved TiO2 as a mineral sunscreen active; Chinese TiO2 in cosmetic-grade sunscreen does not face the same anti-dumping barriers as paint-grade; (3) Emerging perovskite solar — TiO2 is the electron transport layer in perovskite photovoltaic solar cells; as perovskite solar commercializes (2025-2030+), TiO2 becomes a solar energy material; Chinese dominance in solar manufacturing combined with Chinese-dominated TiO2 production creates a supply chain dependency in the renewable energy transition. The same white powder in paint, sunscreen, and future solar cells is predominantly produced in China.
Lomon Billions Group Co., Ltd. ↗Origin2024
Lomon Billions' acquisition of Venator's Greatham plant in Teesside, England in 2025 is a case study in the geopolitics of industrial material acquisitions. The Greatham site is one of the few remaining TiO2 sulfate-process plants in Western Europe; it was sold by Venator Materials (formerly Huntsman Pigments, a UK company that had struggled with profitability) to Lomon Billions for a reported EUR ~70-100M. The transaction gave China's largest TiO2 producer a European manufacturing footprint — allowing it to supply European markets without being subject to EU anti-dumping measures that apply to Chinese-manufactured TiO2 (similar to US 2012 anti-dumping measures on Chinese TiO2). The acquisition was reviewed under UK National Security and Investment (NSI) Act, which gives the UK government screening powers over acquisitions in sensitive sectors. Whether TiO2 production falls within 'advanced materials' or 'critical minerals' sectors under the NSI Act was a substantive question. A Chinese company acquiring a UK industrial plant to produce a material that is both paint pigment AND UV filter in sunscreen AND potential photovoltaic solar cell component — and doing so specifically to circumvent anti-dumping duties — illustrates how commodity material supply chains intersect with industrial policy.
Venator Materials / Lomon Billions ↗