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Dmitry Firtash is ready to invest $ 2.5 billion in the production of metal titanium in Ukraine.

14 May 2012
Dmitry Firtash is ready to invest $ 2.5 billion in the production of metal titanium in Ukraine.

Head of the Board

Of Directors of Group DF Dmitry Firtash expressed

Willingness to invest in

Development of metal production

Titanium in Ukraine. For these purposes (in

Particular, for restructuring

Existing enterprises) businessman

Plans to invest $ 2.4-2.7 billion.

Ukraine -

One of the few countries with

Significant reserves of titanium-containing

Ore. Volumetric deposits of these useful

There are also fossils in the territories

Russia, Kazakhstan, China, Australia,

India, Japan, Korea, Brazil, Sri Lanka

And South Africa. But in the depths of Ukraine contains

According to the approved data - 7-12% of the world

Reserve of titanium, and according to predicted calculations

- about 1/5 of its part. However, a closed

Cycle of metal production

There is no titanium in the country (main sources

Profit industry - trade ilmenite

And metal dioxide), and the deposits themselves

Are developed on obsolete

Technologies.

"In our plans

- use of available resources with

Greater efficiency, we want to

To sell products of higher

Redistribution - with increased additional

Cost "- commented on his

Intention to develop titanium

Production Dmitry Firtash. "And although

With such giants as the US, China and

The Russian Federation will be difficult for us

Compete in the production of metal

Titanium, the creation of public-private

Holding can provide Ukraine

A place in the world's top three

Volumes of production of this type

Products "- added the businessman.

11 May 2012
15 May 2012