29 October 2010 Chemical Sector
Titanim Industry Is Of Strategic Importance For Ukraine, Says Dmitry Firtash
Group DF has commissioned Mezhdurechensk mining and concentration complex (MCC) producing ilmenite concentrate essential for the titanium industry. The new facility based in Volodarsko-Volynsky district of Zhitomir region will have a capacity of up to 200 thousand tons of ilmenite concentrate a year.“The commissioning of a new concentration complex will help address the ilmenite concentrate shortage problem ensuing from the steady growth of its consumption by major titanium dioxide producers of Ukraine,” commented Mr. Dmitry Firtash, Chairman of the Board of Directors of Group DF. Two Ukrainian enterprises – “Krymskiy Titan” and “Sumykhimprom” – are expected to be principal consumers of Mezhdurechensk MCC product.
The commissioning of Mezhdurechensk MCC will be a powerful tool for strengthening Ukraine’s positions on the global titanium products market. “Ukraine ranks among the world’s top-ten countries producing titaniferous ores and titanium dioxide, and titanium industry development is of strategic importance for the country,” stressed Mr. Firtash.
Group DF analysts predict further sustainable increase in the capacity of the global market of titanium dioxide. This, in particular, is a result of outputs recovery in the sectors being prime consumers of this product, i.e. paintwork materials, paper and plastic manufacturers. Furthermore, the making of paintwork materials is increasingly more reliant on non-toxic titanium dioxide replacing the traditionally used barium, chrome and lead.
“The expansion of titanium dioxide utilization and global markets recovery opens new opportunities for the titanium sector of Ukraine. Appreciating this fact, Group DF has been actively investing in this industry and today’s commissioning of Mezhdurechensk MCC is an important benchmark in our investment program,” concluded Mr. Firtash.
The launch of Mezhdurechensk MCC also has an important social implication for Zhitomir region as it will boost the local socio-economic development due to new jobs, creation of social infrastructure facilities and replenishment of local budgets.
SEE ALSO:
All articles...
25 March 2016
ZTMC Enters the China's Market of Aerospace Products
ZTMC LLC, being a part of Dmitry Firtash’s Group DF titanium business, passed the audit of the BAOTi specialists, who confirmed that the titanium sponge produced at ZTMC can be used without restrictions in the production process of all...
23 March 2016
Group DF Companies Ramp Up Production and Create New Jobs
Mezhyrichensk Mining and Construction Complex, part of Dmitry Firtash’s Group DF, issued a record number of products. Large-scale modernization of the Group's entities has allowed increasing production volumes
08 October 2015
Group DF Enters Space Market
Zaporizhzhia Titanium and Magnesium Combine LLC (a part of Group DF’s titanium business) has started a large-scale investment program aimed at the enterprise’s titanium products launch at the space products market. The company has...
10 April 2015
Group DF To Build MCC in Zhytomyr Region
Valky Ilmenite LLC, a part of Group DF’s titanium business, started implementing the project on the new mining and concentration complex construction in Zhytomyr region. Construction of the Stremigorodsky MCC will allow creating about...
23 July 2014
ZTMK Modernization Allowed Combine Entering New Markets
ZTMC is the only producer of titanium sponge in Europe. New products are the result of advanced processing of titanium that opens new sales markets in Europe and Asia for the company. Investments into modernization of ZTMC are a part of Group...
20 November 2013
Group DF became the investor of Zaporozhye Titanium and Magnesium Combine
According to this agreement, the SPFU will transfer the assets of ZTMC SE to the statutory capital of ZTMC LLC, which will result in the SPFU obtaining a 51% share in the LLC statutory capital. Tolexis Trading Ltd
19 March 2013
Dmitry Firtash: Ukraine Can Become the Top-three Global Player on the Titanium Market
Modernization of Zaporizhya Titanium and Magnesium Combine capacity will strengthen Ukraine’s positions on the global titanium markets. The news was announced by Chairman of the Group Supervisory Council of Group DF Dmitry Firtash during his...
29 May 2012
Four-Fold Rise In Titanium Dioxide Production At ‘Sumykhimprom’ Reality
The government is not necessarily a perfect business and assets manager. And this is true not only for Ukraine, unfortunately, it is the case across the world. A private business is a more efficient manager
14 May 2012
The Sooner We Create Vertically Integrated Titanium Holding The Better It Will Be For Ukraine, Says Dmitry Firtash
If we want to be a player in the titanium market, we have to keep our position strong. We are being respected already. Take my word for it: in some five years from now, we will rank second or third in the titanium metal and sponge market worldwide
27 April 2012
Ukraine Enlarges Its Share In International Titanium Market
President of Ukraine Victor Yanukovych cut the ribbon inaugurating a new sulfuric acid production facility at the Eastern Europe’s largest titanium dioxide enterprise Krymskiy TITAN. The guests of honor at the ceremony were Head of the Board...
29 March 2012
Dmitry Firtash Presents New Plant In Crimea
During his working trip to ‘Krymskiy TITAN’ last October, Dmitry Firtash, Head of the Board of Directors of Group DF announced his plan to achieve doubling of this plant’s output over the coming three years. Today, the...
14 October 2011
Dmitry Firtash Makes Business Trip to Krymspkiy TITAN Plant
Mr. Dmitry Firtash, Head of the Joint Employers Movement of Ukraine, Head of the Board of Directors of Group DF has visited Krymskiy TITAN plant (city of Armiansk, Crimea) in which he is a shareholder. The entrepreneur has inspected the...