New JV to Build Plant in Saudi Arabia in 2018

CHEMMONITOR.COM - Saudi Arabia companies, Tasnee and Crital, and Japan-based company Toho Titanium Co., Ltd. inked the agreement to establish a JV. The parties are going to put up a new plant with annual capacity of 15,600 metric tons of titanium sponge at Yanbu Industrial City site in Saudi Arabia, in proximity to Cristal’s titanium dioxide (TiO₂) plant. The construction is assessed at about USD 420 million.