Ukraine should independently create its own closed cycle for titanium products production. Boris Sobolev, Ph.D. in Economics, GO of the first rank wrote about it in an article for ZN.UA.
According to calculations of the group of companies owned by Dmitry Firtash, the replacement of the Russian company “VSMPO-Avisma” in the market of import of rolled titanium products will cost almost 110 million dollars needed to modernize ZTMC (Zaporozhye Titanium and Magnesium Combine) and full cycle, that is from ore to finished rolled products from diverse titanium alloy – up to 2.5 billion dollars.
According to the expert these amounts are confirmed by calculations that have been accomplished by other entrepreneurs who acquired licenses for development of deposits of Irshansk Group in Zhytomyr oblast.
The expert underlines: “The presence of 12 deposits (the largest one is Stremigorod deposit) in Zhytomyr oblast and neighbourhood of Rivne and Kyiv oblasts, as well as trained personnel, water resources, electricity, highway and rail service make these areas potentially suitable to establish the Ukrainian process park “Titan Polesia”.
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