UKRAINE: DUPONT READY TO INVEST INTO ZAPORIZHIA TITANIUM-MAGNESIUM PLANT

Ukrainian News Agency, Kyiv, Ukraine, Wed, July 28, 2010 

KYIV - The Du Pont company, the United States, is ready to invest into the production of titanium sponge at Zaporizhia-based Zaporizhia Titanium-Magnesium Plant, the Industrial Policy Ministry said.

According to the report, Deputy Industrial Policy Minister Vitalii Kravchenko held a meeting with director of the mineral department of Du Pont and representatives of the Stock International GmbH, Austria, to discuss the investment.

Kravchenko said that the Industrial Policy Ministry supports the intentions of the American company to invest into the development of new technologies at Ukrainian enterprises.  The Du Pont company also said that it may acquire 100,000 of ore materials in Ukraine.

As Ukrainian News earlier reported, Zaporizhia Titanium and Magnesium Integrated Works (ZTMK) has started production of titanium ingots on the base of
an agreement between ZTMK and the scientific and production center Tytan. Under the agreement ZTMK supplies sponge titanium to Tytan for production of ingots on tolling basis.

The public enterprise Zaporizhia titanium and magnesium integrated works is Ukraine's sole manufacturer of sponged titanium, it is run by the Industrial Policy Ministry.