Pradeep Koneru - Trimex plans $850 million titanium unit in Indonesia - PowerPoint PPT Presentation

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Pradeep Koneru - Trimex plans $850 million titanium unit in Indonesia

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Pradeep Koneru Trimex Sands, a part of the Trimex group which has presence across India, UAE, Dubai and a leading international conglomerate with a focus on heavy minerals, has signed a MoU with the Indonesian government to set up a world-class integrated titanium project worth $850 million. Leveraging heavy mineral resources in Indonesia, the company will identify the project’s site in accordance with the location of titanium resources in the country and will enable the authorities to advance lesser-developed regions of Indonesia. The company will invest in three phases over the next 10 years. – PowerPoint PPT presentation

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Title: Pradeep Koneru - Trimex plans $850 million titanium unit in Indonesia


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Pradeep Koneru Trimex Plan
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Pradeep Koneru - Trimex plans 850 million
titanium unit in Indonesia
Pradeep Koneru Trimex Sands, a part of the Trimex
group which has presence across India, UAE, Dubai
and a leading international conglomerate with a
focus on heavy minerals, has signed a MoU with
the Indonesian government to set up a world-class
integrated titanium project worth 850 million.
Leveraging heavy mineral resources in Indonesia,
the company will identify the projects site in
accordance with the location of titanium
resources in the country and will enable the
authorities to advance lesser-developed regions
of Indonesia. The company will invest in three
phases over the next 10 years. Pradeep Koneru
Trimex Sands Pvt Ltd, part of the Dubai-based
Trimex Group, proposes to set up titanium plants
in India and Indonesia over the next few years.
The Indian plant will be located at Srikakulam in
Andhra Pradesh, where the company currently
produces Ilmenite through beach sand mining.
Ilmenite is the raw material to produce titanium
pigment, which has uses in the manufacture of
paints, plastics, rubber and aircraft parts,
among others . We plan to invest about 500
million (Rs 2,250 crore) over the next three to
four years in the 45,000 tone titanium pigment
plant, said Mr. Pradeep Koneru, Executive
Director and Trimex Sands. The company plans to
scale up the production of Ilmenite from the
present 2 lakh tons to 5 lakh tons, for which, it
has applied for environmental clearances, he
said. India produces about 50,000 tons of
titanium pigment, while the requirement is
estimated at 1.5 lakh tons per annum.
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The company also signed a memorandum of
understanding with the Indonesian Government on
Tuesday to set up a 45,000 tons titanium pigment
plant in that country at an investment of 850
million over 10 years. The land for the proposed
project, which expects to create a total of 6,500
local jobs, is yet to be identified, Mr. Pradeep
Koneru said. Indonesia's Industry Minister, Mr.
M.S. Hidayat, said the proposed plant would
reduce the country's dependence on imports.
Despite having large resources of Ilmenite,
Indonesia imports about 46,000 tons of titanium
pigment annually, he said. Mr. Prasad Koneru,
Chairman, Pradeep Koneru Trimex Group, said the
proposed plant would help expand footprint in
Indonesia, where the company already has a
presence in coal mining.
The extracted minerals had great demand in the
international market and the company was making
efforts to create demand for some of them even in
the domestic market, his disclosed Pradeep Koneru
Trimex was currently producing 6,000 TPA each of
Rutile, and Zircon, 60,000 TPA of Garnet and
50,000 TPA of Sillimenite. The products would be
used in the manufacture of paper, paints,
ceramics, abrasives, cosmetics, insulation,
leather, glass products, artificial gems,
aircraft parts, artificial human joints and
filtration media.Executive Director of the
company Pradeep Koneru said that it would
establish facilities for the production of
Titanium Dioxide pigments for which there were
application available in paints and allied areas.
Besides, the company was working on some
value-added products, including sillimenite
flour, sintered sillimenite grains, sintered
mullet grains, pigment through sulphate route
30,000-60,000 tons with an investment of about
Rs. 1,250 crore-Rs. 1,500 crore. The companies
would enhance its capabilities to produce and
other minerals in the next phase.
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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 44,000 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 44,000 tons per
annum. Pradeep Koneru said the Group has applied
for the environment clearance which is awaited.
Currently, India consumes about 1, 50,000 tons of
titanium pigment per year, Mr. Koneru said,
adding that only 50,000 tons of titanium is
produced domestically. 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 46,000 tons
per annum.
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