ZTMС Increased Realization Of Titan Spongy In April, 2014


The Zaporozhye Titanium-Magnesium Combine, included in titanic business of Group DF, in April, 2014 increased realization of spongy titan on 34,5% from 528 to 710 tons as compared to March, 2014.

– We are ahead of plans for the production of finished products. So, in the first four months of the current year ZTMC produced 2001 tonne of titanium sponge, which is 3.7% more than planned, – commented Director of ZTMC Vladimir Sivak. – At the same time, we continue the planned technical modernization of the Combine, aimed at increasing capacity. Only for the period from January to April 2014 investment Group DF has allowed our Combine to perform work associated with projects of strategic development and modernization in the amount of 4.67 million UAH. In addition, works on capital repair of technological equipment amounting to 4.73 million UAH.

A program of technical modernization ZTMC includes step-by-investment in construction of new facilities for production of titanium sponge. As a result, Combine can produce up to 40 thousand tons per year. The capacity increase will allow Ukraine to increase its share in the world production of titanium sponge from the current 5%to 14%.
HELP. "Zaporozhye Titanium-Magnesium Combine" - the only in Ukraine and in Europe the manufacturer of titanium sponge. "ZTMC" Ltd. created in accordance with decree of the Cabinet of Ministers of Ukraine №955 from 3 October 2012 to attract investment in the company.

At the end of 2012 the company "Tolexis Trading Limited”, a member of Group DF, won the competition for the selection of non-state participants "Zaporozhye Titanium-Magnesium Combine" Ltd. and in 2013 received 49% of the share capital of the company. Under contract with the State Property Fund of Ukraine, the company "Tolexis Trading Limited” is required to pay $ 110 million. USA in the implementation of some investment projects in the enterprise. At the moment the investor has fully complied with the obligations stipulated by the agreement on the basis of “ZTMC” Ltd. In particular, the investor contributed 75% of the contribution to the share capital and the additional capital that total was 82.5 million.
Group DF is a diversified international group of companies, the business of which is represented in 11 countries of Europe and Asia. The main activities of the Group nitrogen, titanium, natural gas, and banking businesses. In particular, Group DF is one of the largest investors in the chemical industry and the energy sector in Eastern Europe. The group also develops the company in the areas of agriculture, media, production of calcinated soda, energy, infrastructure and real estate. The Group's strategy is the consolidation and transformation of industries with the aim of increasing Ukraine's competitiveness on the world market. The group is implementing international standards of corporate governance, in an effort to be transparent and understandable to financial institutions and capital markets. The total number of employees in enterprises Group DF exceeds 100 thousand people. The founder and owner of Group DF - known Ukrainian businessman Dmitry Firtash.