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Home  > Markets & companies  > Raw materials market  > Titanium dioxide: Cristal and Tasnee annou...

Thursday, 19 September 2019
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Markets & companies, Raw materials market

Titanium dioxide: Cristal and Tasnee announce Joint Venture with Toho

Thursday, 23 January 2014

The new company will invest a total of USD 420 million, including startup expenses, to construct a 15,600 metric ton per year titanium sponge production facility in Yanbu Industrial City, Saudi Arabia.

It is expected that the new titanium dioxide facility will start to ramp up commercial production in Q2 2017 with completion in Q1 2018. Source: Kamil Macniak - Fotolia.com
It is expected that the new titanium dioxide facility will start to ramp up commercial production in Q2 2017 with completion in Q1 2018. Source: Ka...

The National Industrialization Company ("Tasnee”) and The National Titanium Dioxide Company Ltd. ("Cristal”) have announced that they signed an agreement to establish a joint venture company with Toho Titanium Company Ltd. ("Toho”). Through SIDF/local funding the new company will invest a total of USD 420 million, including startup expenses, to construct a 15,600 metric ton per year titanium sponge production facility in Yanbu Industrial City, Saudi Arabia.

The new facility will be built adjacent to Cristal’s existing titanium dioxide plant in Yanbu Industrial City. Cristal’s Titanium Dioxide plant will supply the new production plant with titanium tetrachloride. The new company, which will consist of an equity shareholding of 32.5% for Cristal, 32.5% for Tasnee and 35% for Toho, is also expected to create more than 160 direct jobs in Yanbu. It is expected that the new facility will start to ramp up commercial production in Q2 2017 with completion in Q1 2018.

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