GROUP DF
USD 300m investment in titanium dioxide production in Ukraine / Plan to double global market share
Ukrainian energy, chemicals and fertiliser business Group DF (Kiev; www.groupdf.com) is to construct a titanium dioxide production facility at its existing Crimea Titan plant (Armyansk / Ukraine; www.titanexport.com). The plant will have an initial production capacity of 80,000 t/y, increasing to 120,000 t/y. The capacity of the current TiO2 unit will also be increased to 120,000 t/y, more than doubling the company’s global market share.

Dmitry Firtash,Group DF chairman, said: “We are starting the construction of this new facility already this year, and by 2015 we will have invested around USD 300m in this project. Our plan is to produce 240,000 t/y at Crimea Titan, which is around 4% of the global market.”

The company said it intended to install modern European equipment, which, in terms of quality, will allow it to overtake China. It currently exports around 80% of its output. Group GF recently announced plans for a EUR 3 bn investment to consolidate and revitalise Ukraine’s petrochemical sector – see Plasteurope.com of 25.05.2012.
23.04.2013 Plasteurope.com [225149-0]
Published on 23.04.2013
Crimea Titan: Ausbaupläne werden konkretGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 27.12.2024 22:44:44   (Ref: 818035834)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp