National Industrialization Company (Tasnee) said the mechanical work at its ilmenite treatment ​project is 95 percent complete and ​that ​the ​plant is expected to ​launch its commercial operations in the first quarter of 2015.


The project will allow Cristal Company to use ilmenite as an additional source of feedstock for the production of ​t​itanium​ d​ioxide, the company said in a statement.

 

​The financial impact of th
​e​ project 
​is not able to ​
​
​be measured at the current time, but is expected to materialize in the second quarter of 2015
​, the company added.​


The project is equally owned by Tasnee and Cristal, which is 79 percent owned by Tasnee.

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