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TOR MINERALS INTERNATIONAL COMPLETES PLANT EXPANSION IN CORPUS CHRISTI
Producer of natural titanium dioxide pigments and speciality aluminas TOR Minerals International has completed the expansion its titanium dioxide plant based in Corpus Christi. The company has also introduced its new titanium dioxide product HITOX-SF (SuperFine). The plant expansion will increase production of HITOX titanium dioxide pigment at Corpus Christi by 10 000 tons annually and makes use of a new proprietary production process that is expected to reduce costs and has the potential to increase the size of the market for HITOX. 'By reducing the consumption of natural gas, we anticipate that our new production process will save us on the order of US$1 million per year on our current production costs alone beginning in January 2005,' said Richard Bowers, President and Chief Executive Officer of TOR Minerals. According to Bowers: 'This new production process is the key to expanding the addressable market for our titanium dioxide pigments. HITOX-SF can be used in very thin film coatings and plastics, high gloss paints and many other products heretofore unavailable to us. We believe it will allow TOR to significantly expand sales of HITOX.' 'The new HITOX-SF will have greatly improved opacity, gloss and colour characteristics and it has similar opacity characteristics to regular white titanium dioxide, but at a price that is both lower to our customers and produces attractive margins for TOR,' continued Bowers. New HITOX-SF will be available for sale beginning in the first quarter of 2005.
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