Azerbaijan, Baku, Oct. 18 / Trend E.Kosolapova /
The official ceremony of laying a capsule for the construction of a new titanium slabs plant has taken place today in Ust-Kamenogorsk, Kazakhstan, Kazinform reported.
POSUK TITANIUM is a joint project of Kazakhstan's Ust-Kamenogorsk Titanium-Magnesium Industrial complex and Korea's company POSCO. The estimated cost of the project is $50 million
The plant will produce titanium slabs, which will be further used for production of titanium sheets and tubes. The new plant is scheduled to commence in 2013.
The titanium slab plant is built under a program on development of titanium-magnesium industry in Kazakhstan.
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