Pradeep Koneru - Trimex to set up Rs 2,250-cr titanium plant in India

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Pradeep Koneru Trimex to Set Up in India
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Pradeep Koneru - Trimex to set up Rs 2250-cr
titanium plant in India

• Koneru Pradeep Trimex group a Dubai-headquartered
  industrial minerals company today said it will
  set up a titanium plant in Andhra Pradesh by 2014
  entailing an investment of about Rs 2250 crore.
• We plan to set up a titanium pigment plant at
  Srikakulam in Andhra Pradesh with a production
  capacity of 44000 tons per annum in the next
  three years Executive Director and CEO of the
  group subsidiary Trimex Sands Pradeep Koneru
  told reporters here.
• India requires 150000 tons of pigment against a
  production of only 50000 tons per annum Koneru
  Pradeep said adding that environment clearance is
  awaited for the 500 million (about Rs 2250
  crore) project.
• The group earlier inked a pact with Indonesian
  government today for setting up a 850 million
  (about Rs 3825 crore) titanium pigment plant in
  the South-east Asian country with 46000 tons
  capacity per annum.

• Pradeep Koneru Timex Sands will set up a
  world-class integrated titanium complex in
  Indonesia with an estimated cost of 850 million
  in eight to ten years Koneru said adding the
  project is expected to create about 6500 jobs
  there.
• Indonesia Industry Minister M S Hidayat said the
  proposed plant will ensure regular supply of the
  pigment to the end users at a cost-effective
  price.Indonesia has large limonite resources
  about 40 million tons despite which the country
  annually imports about 46000 tons of titanium
  pigment he said.

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• Titanium has wide applications and can be alloyed
  with iron aluminum etc to produce strong
  lightweight alloys for aerospace military
  industrial process automotive agri-food
  orthopedic implants dental instruments etc.
• Trimex Group to pump in 500 mln to set up
  titanium plant in AP
• The UAE-based Trimex Group today said it will
  invest 500 million dollars to establish a
  titanium pigment plant with a production capacity
  of 44000 tons per annum in India by 2014.
• Over the next three years we will infuse
  480-500 million dollars to set up a titanium
  pigment plant at Srikakulam in Andhra Pradesh
  Pradeep Koneru Trimex Sands a subsidiary of the
  Group Executive Director and CEO Pradeep Koneru
  told reporters here. The project will be funded
  by the internal accruals he added.
• Mr. Koneru said the production capacity of the
  plant would be 44000 tons per annum. Pradeep
  Koneru said the Group has applied for the
  environment clearance which is awaited.
  Currently India consumes about 1 50000 tons of
  titanium pigment per year Mr. Koneru said
  adding that only 50000 tons of titanium is
  produced domestically.

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• Pradeep Koneru Trimex Sands has also signed a MoU
  with the Indonesian government to set up a 850
  million dollar titanium pigment plant in
  Indonesia by 2020. It will have a production
  capacity of 46000 tons per annum.
• TRIMEX to commence Ilmenite mining in Andhra
  Pradesh
• TRIMEX Industries (TRIMEX) today announced that
  it will commence Ilmenite mining operations in
  the next two months in the Srikurmam district
  spanning an area 7.2 sq km of land area. 
• Srikurmam district lies in the northeast of
  Andhra Pradesh. Pradeep Koneru TRIMEX is the
  first Indian company to obtain a mining lease
  from the State Government of Andhra Pradesh.
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• Since 2005 TRIMEX has focused on obtaining
  necessary environmental clearances.  The area has
  proven reserves of 5.5 million tons of Ilmenite. 
  About 50 per cent of the land area specified in
  the mining lease is owned.