Ukraine’s Firtash Invests $250 Million in Titanium Production
Ukrainian billionaire Dmitry Firtash plans to invest almost $250 million into his ZAT Krymskyi Tytan to double production of titanium dioxide in three years.
The plant, based in the Crimean region of Ukraine, wants to increase production of titanium dioxide, which is used to make paint, plastic, glass and other product, to an annual 125,000 tons by year-end, Firtash’s holding company Group DF said in an e-mailed statement today.
The plant currently makes 105,000 tons of titanium dioxide a year, according to the statement. In the future, Krymskyi Tytan will make as much as 200,000 tons of the product a year.
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