V.V. Titanium Pigments invest Rs.100 mn in Rutile Plant in Tuticorin

India Infoline News Service | Mumbai | January 30, 2015 15:53 IST

Reinforces its growth strategy through second phase of value addition in the new plant with a capacity of 15000 MTPA.

V.V. Titanium Pigments, a leading producer and exporter of Anatase grade Titanium Dioxide is planning to invest Rs.1000 million as a part of its expansion strategy into a Coated Rutile Plant. This is one of the largest investments made by any private entity exclusively for meeting the demand of discerning Indian Tio2 consumers. The Coated rutile plant is expected to be operational by 2016 first quarter. This is the second time when VVTi has forayed into value–addition of Heavy Mineral Mining with a capacity of 15000 MTPA Tio2. As a part of this project, VVTi has successfully launched Basic rutile by 10 Dec 2014.

The state of art plant is to be built with German know how will be environmentally sustainable as there will be less dependence on water, almost 1/3 savings as compared to any similar plant. Moreover, the new plant when operational will provide direct employment to more than 200 people and indirect benefit to more than 5,000 people. This is slated to be the next big project after VV  group acquired Kilburn Chemicals, currently known as V V Titanium Pigments at Tuticorin which produces Titanium Dioxide from Ilmenite.

The new plant will use Rutile and cater fully to the Indian market that has been clamouring for such value addition projects with an estimated foreign exchange savings to the tune of Rs.2500 million per annum. In addition, it will benefit the indigenous paints and plastic industry that has to depend on exports from China, Japan and western countries.      
 

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