AkzoNobel, Quangxi CAVA jointly build TiO2 plant in China

AkzoNobel, Quangxi CAVA to jointly build TiO2 plant in China

12:08 PM, 6th June 2011
AkzoNobel, Quangxi CAVA to jointly build TiO2 plant in China
Werner Fuhrmann, Executive Committee Member, AkzoNobel.

 

AMSTERDAM, THE NETHERLANDS: AkzoNobel has partnered with Quangxi CAVA Titanium Industry Co Ltd in China, for the production and supply of titanium dioxide (TiO2). The collaboration includes construction of a new TiO2 plant in Qinzhou, China. Both companies did not divulge the financial details of the collaboration.

 

TiO2 is one of the most important raw materials for production of paints and coatings. The joint venture will help to secure AkzoNobel’s growing titanium dioxide raw material needs for the Asian market. The company expects most of the demand growth to occur in Asia, especially China. Titanium dioxide is by far the most widely used white pigment in the industry because of its brightness and opacity.

 

“By entering into this partnership with CAVA, we will enhance security of supply in Asia for a critical raw material,” explained Werner Fuhrmann, Executive Committee Member, AkzoNobel.

 

Quangxi CAVA Titanium Industry Co Ltd was recently established to produce titanium dioxide and is currently in the process of designing and constructing a 100,000 ton TiO2 plant at an industrial site in Qinzhou. Production is expected to start in early 2014.

(C) WOC News

 

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