CNNC Huayuan Titanium Dioxide Co., Ltd. announced that Gansu Dongfang Titanium Industry Co., Ltd., its wholly-owned subsidiary, established Gansu Zetong New Energy Materials Co., Ltd. with a registered capital of 200 million yuan (29.6 million US dollars), and Dongfang Titanium holds 100% of its shares. According to the company, the establishment of the new company is an important strategic practice for the company to deploy new materials and new energy industries.