ZCH Police agree to purchase PLN 140 million of ilmenite

Grupa Azoty Chemical Works Police has concluded a deal with Titania AS of Norway to purchase ilmenite with an estimated value of PLN 140 million by the end of 2019, the company reported. "The contract value is estimated at PLN 140 million. The agreement was concluded for a specified period from September 1, 2016 and ending on December 31, 2019. The agreement provides for the implementation of supply according to the established schedule and commercial terms," the company statement read. Ilmenite is the basic raw material used for the production of titanium dioxide. Azoty Group ranks second in the EU in the production of nitrogen fertilizers and compound fertilizers.