Metalnewsnet 11 Jan:

Recently, Laigang Group and Pangang Group had signed a strategic cooperation agreement in titanium billet, titanium and other product quality, production technology and market development, in order to making use of titanium-rich resources of Pangang and jointly developing titanium industry.

It is understood that Pangang, located in the Panxi area, is building the world's largest production base for vanadium & titanium production and vanadium-titanium containing steel production. Meantime, developing high-tech and high value-added products is not only the method for Laigang to address the financial crisis, but also playing important role in promoting structural adjustment and product upgrades.

Last year in October, Hunan Jintian had invested 1.45 billion yuan to build an annual output of 10,000 tons of titanium coil project, scheduled for completion in 2011. With the completion of the project, the history of China can not produce titanium coil will come to an end and total dependence on imported titanium coil will be changed.