Home / Knowledge / News / Textiles / Argex Titanium achieves significant milestones in 2014
Argex Titanium achieves significant milestones in 2014
15
Apr '15
Canadian emerging producer of high-grade titanium dioxide (TiO2), Argex Titanium said it has achieved significant milestones during 2014 and also the first few months of 2015.

According to an Argex press release, during 2014, it secured an exclusive long-term marketing and supply agreement with Helm US Corp.

It raised CA $7.5 million through the issuance of convertible debentures and exited 2014 with a clean capital structure as all remaining warrants have been exercised or expired.

“Furthermore, in December 2014, Argex received an ICIS Innovation Award, which recognises chemical companies that demonstrate an innovative approach to business, the environment and sustainability."

In February 2015, Argex announced that it had successfully completed technical due diligence associated with the financing of Argex’s first plant.

“The technical diligence was demanding and thorough and contributed positively to the development of our financing process and our strategy of risk mitigation,” CEO Roy Bonnell said.

According to Argex, it is poised for the next phase of its growth after the successful construction and operation of its first plant located in Salaberry-de-Valleyfield, Quebec.

Argex currently estimates that full capacity of the plant will be achieved approximately 12 months after commencement of commercial operations.

The Argex plant will have a capacity of 50,000 tons per annum and expects to generate revenue of CA $145-$155 million, gross profit of $80-$96 million, with a gross margin of 55-62 per cent. (AR)

Argex has now secured a one million square foot parcel of land where it plans to build a customised building rather than renovate the existing building where Argex’s pilot plant will continue to be situated.

The parcel of land to be purchased from and rezoned by the City of Valleyfield, is located in the Valleyfield Port area and is expected to result in many advantages.

Equivalent capital cost, including contingency risks, reduced construction risk as the potential for unknown liabilities and requirements to tear down, move or expand buildings and fixtures, are avoided.

Increased building height and equipment layout flexibility and a closer proximity, with a rail spur easement, to a local CSX rail terminal and to the Port of Valleyfield.

The location is also in closer proximity to a major chemical feedstock provider, will incur reduced operating expense, without change in construction timeline. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search