ZTMK Company overfulfilled titanium production tasks in April --- ( 2014-10-22)
Ukraine Zaporozhye Titanium Magnesium Joint Company(ZTMK,has joined the DF Group),the production volume of titanium sponge in April.2014 has 34.5% increased compared to March,increased from 528 tons to 710 tons.
"We have overfulfilled the production tasks.Because we produced 2001 tons titanium sponge at the first of four monthes of 2014,3.7% over-produced than planning." ZTMK manager Vladimir West Wacker said.At the same time,company is continue to improve modernization project,aimed at improving titanium sponge production volume.Only in Jan~April,2014,DF Group invested and helped company to made a series of work related to strategic development and modernization,total investment was upto 4.67 million Hryvnia(Ukraine Currency).Besides,charges for industrial equipments maintenance was upto 4.67 million Hryvnia.
The Industrial Equipment Modernization Project by ZTMK gradually promote them to set up a new titanium sponge production line,the annual output of titanium sponge will be around 40000 tons by the moment.The Ukraine expansion of titanium sponge production capacity will make their shares in global titanium sponge production from the current 5% to 14%.