"United Mining and Chemical Company" | News | UMCC reported 19% increase of ilmenite output in 2017
UMCC reported 19% increase of ilmenite output in 2017
19.01.2018IMPP, subsidiary of PJSC UMCC, provided for the positive dynamics, having produced the highest volumes of ilmenite concentrate in the past four years.
Last year, PJSC United Mining and Chemical Plant produced 392,000 t of ilmenite concentrate, 18.7% up compared to the previous year. The company produced 330,300 t of ilmenite last year.
Positive dynamics shown by Irshansk Mining and Processing Plant contributed most to the output increase. The subsidiary produced the lion’s share of ilmenite concentrate – 224,400 t. This is the best indicator of the subsidiary in the past three years of UMCC’s operation and, even better than what the plant produced during the last year of being leased, in 2014.
Acting CEO of PJSC UMCC Oleksandr Gladushko explains positive trend at IMPP with the increasing demand for the products from the European consumers, who use Irshansk ilmenite for TiO2 processing. “In this case, the strategically correct decision of the company’s management to re-orient to export worked. As a reminder, in 2004-2014, IMPP supplied its products only to domestic processing plants – Crimea Titan and SumyKhimProm,” said Gladushko.
The plant was provided with financial assistance and its products were offered to the global market, he said. This fixed the general economic picture at the company and made it possible to increase output volumes.
Vilnohirsk Mining and Metallurgical Plant reduced output volumes of all major types of products, including ilmenite, rutile and zircon concentrates, in 2017. In particular, ilmenite output dropped by 2.2% to 167,800 t compared to 2016. Rutile output decreased by 2.9% to 53,600 t, zirconium - by 9.5% to 26,500 t.
VMMP, however, increased output of zircon flour of KTsP-63 grade from 3,400 t in 2016 to 4,500 t in 2017 and KTsP-45 – from 5,100 t to 5,300 t respectively. Demand from consumers of this product, namely manufacturers of ceramics, paints, coatings, moldings, etc., has been increasing in the past two years.
UMCC CEO Gladushko explains output decrease at VMMP by impoverishment of rocks, which are processed by the plant. “The content of the useful components in the titanium raw material was significantly lower than the desired, so the processing costs are increasing, while the output is decreasing. That affected the subsidiary’s output indicators,” he said.
To amend unprofitable economy at the plant, its processing division needs to be upgraded, said Gladushko, adding that the investment plans for this year include measures to do that. The objective is to increase output indicators through intensification of separation.