PPG, Argex JV titanium dioxide production

PPG, Argex JV for titanium dioxide production

4:38 AM, 4th April 2012
PPG, Argex JV for titanium dioxide production

PITTSBURGH, US: PPG Industries has entered into a technical collaboration agreement with Argex Mining Inc to utilize PPG’s existing technology and manufacture titanium dioxide (TiO2) pigment for paints and coatings applications. The TiO2 is intended to be compatible with various end-use applications for PPG and would be produced by Argex. The agreement provides for the negotiation of a purchase and supply agreement between Argex and PPG based on the successful development of the treatment technologies.

“This strategic initiative offers PPG the opportunity to leverage our expertise and secure an enhanced supply of this critical raw material. Volatile pricing for titanium dioxide continues to be an important issue for the company. PPG’s decision to collaborate closely with Argex as both a technical and commercial partner is a further validation of our process and the suitability of the Argex TiO2 pigment for commercial use. PPG’s involvement will assist Argex greatly in our stated goal to advance rapidly to production,” said Roy Bonnell, President and CEO, Argex.

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