What Anhui Annada Titanium Industry does

Anhui Annada Titanium Industry Co., Ltd. (安徽安纳达钛业股份有限公司) is a Chinese specialty chemicals manufacturer founded in March 1994 and listed on the Shenzhen Stock Exchange since May 30, 2007 under stock code 002136. The company operates from a 295-acre integrated production site at No. 1288 South Tongguan Road, Tongling City, Anhui Province, and employs more than 790 people, including over 100 technical personnel. Its core business is the production of titanium dioxide (TiO2) pigments via the sulfate process, with a 100,000 tons/year capacity spanning anatase and rutile grades (product families ATA-125, ATR-311, ATR-312, ATR-315, ATR-316, ATR-318, ATR-321) serving coatings, plastics, rubber, ink, paper, chemical fiber, and ceramics manufacturers. Annada also runs a 70%-owned subsidiary, Tongling Nayuan Material Technology Co., Ltd. (and its 65%-owned Anxuanda joint venture with Hefei Guoxuan Kehong), producing battery-grade iron phosphate for LFP lithium-ion battery cathode precursor applications, with combined capacity of 150,000 tons/year.

The company monetizes primarily through one-time product sales of TiO2 pigments and iron phosphate to industrial buyers, with no subscription or licensing model. Go-to-market is sales-led and relationship-driven: a domestic sales hotline and field team, a dedicated international trade desk serving export markets, and presence at major industry trade shows such as Chinaplas and the China International Coatings Show. FY2022 consolidated operating revenue was 2.714 billion yuan (+32.6% YoY) with attributable net profit of 268 million yuan (+44.76%). Q1 2024 TiO2 output reached an all-time high, +13.64% YoY. In February 2024 the controlling shareholder shifted to Wanhua Battery under a transfer from Tonghua Group, with ultimate control now held by Yantai SASAC, anchoring the company within the Wanhua Chemical Group ecosystem.

Name

Anhui Annada Titanium Industry

Legal name

安徽安纳达钛业股份有限公司

Website

https://andty.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Anhui Annada Titanium Industry is a Chinese specialty chemicals manufacturer producing titanium dioxide (TiO2) pigments and battery-grade iron phosphate for industrial buyers in coatings, plastics, rubber, ink, paper, chemical fiber, ceramics, and new energy battery applications, listed on the Shenzhen Stock Exchange under code 002136.

Ownership category

akta.pro rank

Product category

Titanium Dioxide Pigments

NAICS

Synthetic Dye and Pigment Manufacturing (32513)

SIC

Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Pigments & Dyes (IMAEAHAJ)

Keywords

• Titanium dioxide manufacturing
• Battery grade iron phosphate
• Rutile anatase pigments
• Industrial chemical coatings
• LFP battery materials

Headquarters

HQ city

Tongling

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Titanium dioxide products: The company's primary revenue stream from manufacturing and selling titanium dioxide products, including rutile-type and anatase-type titanium dioxide pigments. Products are sold under the Annada brand to domestic and international customers in coatings, plastics, rubber, ink, paper, chemical fiber, and ceramics industries. The company has domestic and international sales teams and a marketing network covering both domestic and export markets. Revenue in 2022 was 2.714 billion yuan, a 32.6% year-on-year increase.
2. Battery-grade iron phosphate (磷酸铁): Subsidiary Tongling Nayuan Material Technology Co., Ltd. produces and sells battery-grade iron phosphate, a key raw material for lithium battery cathode material lithium iron phosphate. The subsidiary generated approximately 366 million yuan in annual revenue per the 5万吨/年 project feasibility study. In 2023, Tongling Nayuan achieved revenue of 719 million yuan, holding a 9.52% market share in the circulation sector. Total iron phosphate capacity reached 15万吨/年 after the Anxuanda 5万吨/年 project came online.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Anhui Annada Titanium Industry manufactures and sells titanium dioxide (TiO2) pigments — both anatase and rutile types — using the sulfate process, serving coatings, plastics, rubber, ink, paper, chemical fiber, and ceramics industries. Through its subsidiary Tongling Nayuan Material Technology Co., Ltd., the company also produces battery-grade iron phosphate (磷酸铁), a precursor for lithium iron phosphate (LFP) battery cathodes used in electric vehicles and energy storage.

Product overview

Anhui Annada Titanium Industry is a professional titanium dioxide (TiO2) manufacturing enterprise producing both anatase and rutile type titanium dioxide products. The product portfolio includes seven core titanium dioxide varieties: ATA-125 (anatase type for indoor coatings and papermaking), ATR-311 (green paint grade for eco-friendly coatings), ATR-312 (widely-used type for multiple industries), ATR-315 (rutile type for PVC and outdoor plastics), ATR-316 (leather and wood coating grade), ATR-318 (plastic and masterbatch grade), and ATR-321 (high-end plastic grade for solar and new energy applications). The company also operates a subsidiary, Tongling Nayuan Material Technology Co., Ltd., engaged in the research, development, production, and sales of battery-grade iron phosphate products. The titanium dioxide products cover applications in coatings, paints, plastics, rubber, ink, paper, chemical fiber, and ceramics industries.

Differentiator

Problem solved

Functional benefit

Brands

• Nayuan Technology (纳源科技): Subsidiary brand for battery-grade iron phosphate products

Products and services

• ATA-125 Anatase Type Titanium Dioxide

Quantifiable outcome

• Revenue of 2.714 billion yuan in 2022, up 32.6% year-on-year; net profit of 268 million yuan, up 44.76%
• +4 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Hefei Guoxuan Kehong (合肥国轩科宏)minorStrategic or Co-development Partner · 1 August 2023Joint venture partner with Tongling Nayuan in Anxuanda New Energy Technology Co., Ltd. (铜陵安轩达新能源科技有限公司), holding 35% stake. The JV operates a 50,000 tons/year high-performance iron phosphate project, bringing Annada's total iron phosphate capacity to 150,000 tons/year.
• Zhonggang Tianyuan (中钢天源)minorStrategic or Co-development Partner · 1 August 2020Joint investor with Annada and Ma'anshan Nayuan Technology Service Partnership in Tongling Nayuan Material Technology. Jointly invested 77 million yuan in the 50,000-ton/year iron phosphate expansion project in 2020.
• Tsinghua University (清华大学)coreStrategic or Co-development PartnerAnnada cooperates with Tsinghua University and other research institutions on industry-university-research collaboration. Together they developed the high weather-resistant dense composite membrane technology (高耐候致密复合膜技术), which expanded domestic titanium dioxide applications into high-end plastic and photovoltaic markets. This collaboration has been instrumental in developing differentiated products that compete with imported alternatives.
• Tongling Nayuan Material Technology Co., Ltd. (铜陵纳源材料科技有限公司)coreStrategic or Co-development PartnerSubsidiary of Annada (70% owned) engaged in R&D, production, and sales of battery-grade iron phosphate for lithium batteries. As of 2023, it holds a 9.52% market share in the circulation sector and generated 719 million yuan in revenue. Capacity reached 150,000 tons/year including the Anxuanda project.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Hunan Yuneng New Energy Battery Material Co., Ltd. Chinese LFP cathode and iron phosphate producer at significantly larger scale than Tongling Nayuan. Directly comparable for Annada's iron phosphate subsidiary business given overlapping product, customer base, and process technology.
• Lomon Billions Group Co., Ltd. China's largest TiO2 producer with both sulfate and chloride process capacity, producing rutile, anatase, and specialty TiO2 grades. Directly comparable to Annada across the same end-markets (coatings, plastics, paper) and product portfolio.
• CNNC Hua Yuan Titanium Dioxide Co., Ltd. Chinese TiO2 producer under CNNC group with sulfate process rutile and anatase production. Comparable scale Chinese competitor in the same domestic TiO2 pigment market.
• Shandong Dawn Titanium Industry Co., Ltd. Major Chinese TiO2 manufacturer with sulfate process capacity serving coatings, plastics, and ink markets. Closely comparable mid-scale Chinese sulfate-process competitor with overlapping product grades.
• Pangang Group Vanadium Titanium & Resources Co., Ltd. Vertically integrated Chinese TiO2 producer combining titanium feedstock and pigment production. Comparable in the TiO2 value chain with broader upstream integration that could pose a structural cost advantage.

Broad incumbents

• Tronox Holdings plc: Global TiO2 leader with vertically integrated mineral sands and chloride-process pigment production. Larger incumbent serving the same coatings, plastics, and paper end-markets at global scale.
• The Chemours Company: Global TiO2 major with Ti-Pure brand serving coatings and specialty applications worldwide. Broad incumbent competitor with leading positions in high-end TiO2 segments where Annada is positioning.
• Kronos Worldwide, Inc. Global TiO2 producer with both sulfate and chloride process capacity serving coatings, plastics, and paper markets. Broad incumbent competitor with global distribution footprint Annada lacks.

Regional players

• Tayca Corporation: Japanese TiO2 producer with sulfate process capacity serving coatings, plastics, and electronic materials. Comparable in product type and grade strategy but primarily serves the Japanese and broader Asian markets outside China.

Emerging players

• Venator Materials PLC: TiO2 specialty producer focused on differentiated grades for coatings, plastics, and construction. Emerging specialist with comparable emphasis on specialty TiO2 grades, though currently restructuring post-bankruptcy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/anhui-annada-titanium-industry-co-ltd-

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anhui Annada Titanium Industry