Velta plans to relocate production due to environmental threats

Velta, with assets for the extraction of titanium-containing ores in Novomyrgorod (Kirovograd region), plans to move its facilities from the Dnipropetrovsk region to a safer place, Andriy Brodsky, CEO of the company, wrote on his Facebook.

Earlier, the company stopped the construction of a titanium plant in Novomoskovsk (Dnipropetrovsk region), and is now working on relocation.

“Forcibly, because of the war, we stopped the construction of a titanium products plant in Novomoskovsk. There have been shelling in this wonderful Ukrainian city, including near our facility, unfortunately. And our technology has a very large chemical component! Therefore, we simply do not have the moral right to expose people to double danger,” wrote Andriy Brodsky.

The company also acquired TitanEra LLC to develop a promising project at the international level.

“Our innovative project TitanEra has returned. It is not closed! Not! We are shrinking, concentrating, therefore, in fact, we have returned the project, as they say, home for development at the international level,” stressed the CEO of Velta.

The structure of high-tech business areas of the TitanEra Inc holding (USA) included Velta RD Titan LLC (a research laboratory) and TitanEra LLC, which began construction of the world’s first pilot plant for the production of titanium powder and final titanium products.

Earlier GMK Center reported that Ukrainian mining and metals plants in January-April 2022 reduced the export of titanium-containing ores and concentrate by 43.7% compared to the same period in 2021, to 129.21 thousand tons. In monetary terms, the export of titanium-containing ores for four months decreased by 19%, to $47.25 million.

  • Companies

Thyssenkrupp will continue construction of a green steel plant

Thyssenkrupp is sticking to its plans to build a €3.5 billion green steel plant in…

Monday June 23, 2025
  • Global Market

Iron ore prices have been fluctuating within a narrow range since early June

As of June 20, 2025, September iron ore futures on the Dalian Commodity Exchange (DCE)…

Monday June 23, 2025
  • Industry

The UK will reduce electricity costs for industry

The UK will reduce green taxes for thousands of businesses to lower high energy costs…

Monday June 23, 2025
  • Companies

ArcelorMittal is investing €53 million in the modernization of blast furnace No. 1 in Fos-sur-Mer

Global mining and steel company ArcelorMittal has begun a large-scale modernization of blast furnace No.…

Monday June 23, 2025
  • Global Market

Malaysia extends duties on cold-rolled steel from China and Japan for another five years

Malaysia has decided to extend anti-dumping duties on imports of cold-rolled coils (CRC) wider than…

Monday June 23, 2025
  • Companies

POSCO accelerates sale of non-core businesses in China and Vietnam

South Korea's POSCO is accelerating the restructuring of its non-core overseas subsidiaries, continuing the sale…

Monday June 23, 2025