According to China Chemical Information Weekly, LB GROUP has signed an asset acquisition agreement with Venator UK to acquire Venator's titanium dioxide production base in Grayston, UK, along with related titanium dioxide assets.

Per LB GROUP's announcement, its subsidiary Bailian Europe signed the asset purchase agreement with Venator on October 15, with the transaction valued at $69.9 million.

Venator is one of the top four titanium dioxide producers in Europe and America, alongside Chemours, Tronox, and Kronos, and possesses both sulfuric acid and chlorination production processes. Fanengtuo's UK plant is the only facility within the group producing chlorination-based titanium dioxide, with a designed annual capacity of 150,000 tons. It maintains high product quality and strong customer relationships.

Originally the titanium dioxide and performance additives division of Huntsman Corporation, Panalytical once operated at peak capacity of 650,000 metric tons annually—ranking third globally behind Chemours and Tronox—with 20 production facilities across nine countries. In recent years, due to rising energy costs and intensified market competition, Pantone has faced financial difficulties. It previously closed its German plant, suspended production at its Asian facilities, and sold three UK plants as part of its restructuring efforts.

As an integrated internet platform providing benchmark prices, on October 21, the benchmark price of titanium dioxide on SunSirs was 13,860.00 RMB/ton, up 0.29% from the beginning of this month (13,820.00 RMB/ton).

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