LB Group Co., Ltd. at the Extraordinary General Meeting held on 17 April 2023, approved election of non-independent directors, cumulative voting system applicable of Xu Ran; Chen Jianli; and Wang Xudong; Election of independent directors, cumulative voting system applicable of Liang Lijuan; Election of supervisors, cumulative voting system applicable of Zhang Haitao.
LB Group Co, Ltd. is the world's No. 1 manufacturer and marketer of high-performance sulfate- and chloride-based titanium dioxide pigments for the coatings, paints, inks, plastics and paper industries. The products are sold under the brand name TiO? Billions. LB Group Co, Ltd. also offers basic chemical products. Net sales break down by family of products as follows:
- titanium dioxide (66.4%): 1,158.9 Kt sold in 2023;
- ferrous sulphates (9.6%);
- titanium sponge (8.5%);
- zirconium-based products (4.1%);
- materials for renewable energy production (3.9%);
- other (7.5%).
At the end of 2023, the group has 11 production sites in China.
China accounts for 58.9% of net sales.
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