VV TITANIUM PIGMENTS EXPANSION PLANS IN COATED RUTILE PLANT SPANS UPTO RS. 100 CR
V.V. Titanium Pigments (a part of V V Minerals India), 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 VV Minerals has forayed into value–addition of Heavy Mineral Mining with a capacity of 15000 MTPA Tio2. As a part of this project, India Infoline Quoted that VVTi has successfully launched Basic rutile by 10 Dec 2014.
Business Standard stated that it is the second big project for the VV Minerals.The company estimates the project would result in a foreign exchange saving of Rs 2500 million per annum. In addition to this, it will benefit the indigenous paints and plastic industry that is mostly relying on exports from China, Japan and the West.V Subramanian, managing director of VV Minerals, India’ and the son of Mr.Vaikundarajan, said the project would lead to commercial production of rutile titanium dioxide besides bridging the demand-supply gap in the country.
The Coated rutile plant is expected to be operational by 2016 first quarter. This is the second time when V V Minerals India has forayed into value–addition of Heavy Mineral Mining with a capacity of 15000 MTPA Tio2. As a part of this project, VV Mineral has successfully launched Basic rutile by Decemer 10, 2014. The Financial Express stated that, the Group is planning to capture a sizeable TiO2 market given the enormous potential of
mineral resources in India. The demand for TiO2 in India is about 3,00,000 mtpa but the country produces only 60,000 mtpa. Indian import of TiO2 comprises 74% of Rutile grade of total imports as of October 2014. Most of rutile sand and ilmenite is processed into non-toxic white titanium dioxide pigments for use in the manufacture of paints, plastics, paper, textiles, cosmetics and ceramics. Ilmenite and rutile sand are also used to produce titanium metal for use in aircrafts, spacecrafts, motor vehicles, desalination plants and surgical implants.
According to THE NEW INDIA EXPRESS the plant when operational would provide direct employment to more than 200 people and indirectly benefit over 5,000 people the plant is slated to be the next big project after VV group acquired Kilburn Chemicals, currently known as V V Titanium Pigments at Thoothukudi, which produces titanium dioxide from ilmenite says, Vaikundarajan.
With safety, health and environment protection high on its corporate agenda, V V Mineral, an IMS CERTIFIED COMPANY, is committed to conduct business with a strong environment conscience, so as to ensure sustainable development, safe work places and enrichment of the quality of life of its employees, customers and the community. APNNEWS Stated With this launch, VVTI planning to capture a sizeable TiO2 market given the enormous potential of mineral resources in India. The demand for TiO2 in India is about 3,00,000 mtpa but the country produces only 60,000 mtpa. Indian import of TiO2 comprises 74% of Rutile grade of total imports as of October 2014. Most of rutile sand and ilmenite is processed into non-toxic white titanium dioxide pigments for use in the manufacture of paints, plastics, paper, textiles, cosmetics and ceramics.
V. V. Mineral Blogs – http://www.vvmineralmining.blogspot.in http://vvmineral.wordpress.com http://www.vvmineral-mining.blogspot.in http://vvmineralmining.wordpress.com http://vvmineralblog.wordpress.com
Like us on Facebook https://www.facebook.com/vvmineralsindia
Follow us on Twitter – https://twitter.com/vvmineralsindia
V. V. Mineral Official Website http://www.vvmineral.com