Russia and India Sign Pact for TiO2 Venture

The Russian and Indian governments have signed an agreement for a titanium dioxide (TiO2) joint venture in the Indian state of Orissa, local reports say. The plant will have capacity for 40,000 m.t./year of TiO2, and is scheduled for completion in 2009. India will finance the project as part of its debt payments to Russia, reports add. Russia will offtake 30,000 m.t./year of the TiO2 plant’s production. The partner companies in the jv will be state-owned Kerala Minerals & Metals (Kollam, India) and Tekhnokhimholding (St. Petersburg), reports say. The...

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