On the media last week in Ukraine reported about the readiness of investors to invest in the development of titanium industry in the country. In particular, a large sum in the near future can get ZTMC — Zaporozhye Titanium-Magnesium Works. We are talking about $ 700 million US, which has expressed its readiness to make the unknown is a private investor. He told this to the President of Ukraine Viktor Yanukovych after his working visit to Zaporizhzhya region, in which the head of the powers held a number of meetings and telephone conversations with the leadership of local government and business representatives.
Recall that in the summer of 2011, President of Ukraine signed the corresponding order according to which the Zaporozhye titanium processing plant was excluded from the list of assets not subject to corporatization. A program of public enterprise ZTMC last week formally approved the head of the Cabinet of Ministers of Ukraine Mykola Azarov.
Zaporozhye Titanium-Magnesium Works is the only company in Europe, which produces titanium sponge («rough» material, from which later get refined titanium). Today, due to the obsolescence of equipment factory works only half the power of its own, and investing in its development will help the company to overcome the existing limitations on production volumes.