VV Titanium Pigments will invest Rs 100 Crore for its expansion strategy into a Coated Rutile Plant. As a private entity, this will be the largest investment made for meeting the demand of Indian Tio2 consumers.
The Coated Rutile Plant is expected to be functional by the 1st quarter of 2016. Back in 2014, VVTi had successfully launched Basic Rutile.
“The plant will be built using German technology that will allow less dependency on water and thus saving almost 1/3 expenses as compared to similar plan. It is expected to employ over 200 people and indirectly benefit more than 5000 people,” said VV Mineral Vaikundarajan. This is the next big project under VV group after acquiring Kilburn Chemicals.
The plant will cater to Indian market benefiting the paints and plastic industry that has depended on exports from China, Japan and other western countries. The demand of TiO2 is said to be around 300000 mtpa whereas the country produces only 60000 mtpa.
Managing Director of VV Group of Companies, VV Mineral V Subramanian said, “We are excited about announcing the Coated Rutile Plant project and commercial production of base rutile TiO2 which will bridge the demand supply gap faced by our country. We are positive about the value proposition once the new coated rutile plant is functional as this is ‘Made in India’ catering to Indian market. We are confident that the new German energy-efficient technology would help develop a zero-waste manufacturing facility, a first of its kind in India.”
