Pradeep Koneru - Trimex Sands, signs MoU with Government of Indonesia to establish an integrated titanium industrial complex

For Immediate Release Press Release, Trimex Sands signs MoU … January 25, 2011 Page 1 of 4 Trimex Sands , signs MoU with Government of Indonesia to establish an integrated titanium industrial complex • Trimex Group to invest 800-850 million USD towards... More

For Immediate Release Press Release, Trimex Sands signs MoU … January 25, 2011 Page 1 of 4 Trimex Sands , signs MoU with Government of Indonesia to establish an integrated titanium industrial complex • Trimex Group to invest 800-850 million USD towards setting up the project in three phases • Project to boost economic sustainabilityin the region and create 6,500 jobs • Project to reduce Indonesia’s dependency on imports for titanium dioxide pigment New Delhi, January 25, 2011: Trimex Sands, a part of the Trimex Group, a leading international conglomerate with a focus on heavy minerals, announced that it has signed a Memorandum of Understanding with the Republic of Indonesia, in New Delhi, India today. As per the details of the MoU, Trimex Sands will set up a world-class integrated titanium complex, leveraging heavy mineral resources in Indonesia. The project’s site will be determined in accordance with the location of titanium resources in the country, and will enable the authorities Less