It is reported that at present, China's low-end production capacity is seriously over-supply, and high-end production capacity is insufficient. With the upgrading of environmental protection, the titanium dioxide industry is bound to undergo the process of capacity building as in Europe and the United States, giving birth to industry upgrading, gradually increasing the proportion of chlorination, and increasing industry concentration. Leaders with the right to speak will gradually emerge.

Under the background of the overall downturn in the industry, the vast majority of titanium dioxide companies will face the fate of being reorganized. As for how to effectively realize the elimination of industry mergers and acquisitions and outdated production capacity, the industry believes that it must be based on market-oriented reforms to allow companies to choose their own good and improve the efficiency of mergers and acquisitions.

Specifically, the first thing is to make the market clear through the invisible hand of the market. The government should not interfere with the spontaneous adjustment of the industry. Second, we must break the information closure and increase the transparency of the policy so that all types of enterprises can make decisions and compete more freely. Avoiding “Lang-Lang matching” is one of the keys in the process of restructuring and integration. The main theme of “Strong Co-operation” has been played in optimizing the industrial structure. The “tangled” sound of “Small Enterprise” selection has been mixed up or out. .

Regarding how to effectively achieve the elimination of industry mergers and acquisitions and outdated production capacity, some market participants believe that market-based reforms must be premised on allowing companies to choose their own merits and improve the efficiency of mergers and acquisitions.

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September 23, 2021