SOREL-TRACY, QC, June 8, 2011 /CNW Telbec/ - Rio Tinto, Fer et Titane
(RTFT), a wholly-owned subsidiary of the Rio Tinto Group, announced
plans to invest $30 million to improve efficiency and increase capacity
at its metal powders plant - part of its world class metallurgical
complex in southern Quebec.
The investment will be used to upgrade equipment and increase metal
powder production capacity by more than 20 percent over the next two
years. Global demand for metal powders is driven mainly by the
automotive sector where manufacturers are increasing their intensity of
use to lower automobile weight and increase fuel efficiency. Metal
powders are also used in the fabrication of home appliance and power
tool components, welding rods and as food supplements.
The upgrade and expansion will add 10 new jobs to the company's roster
and significantly reduce the plant's cooling water consumption.
"We are investing in a strong future for RTFT, and believe this
investment will also pay off for our customers, who rely on us for high
quality products and services; and for our communities, who rely on us
for good jobs, responsible environmental stewardship and ongoing
contribution to the local economy," said Dominique Bouchard, RTFT
The investment is part of the company's recently announced TiO2050, plan which calls for an investment of CAD800 million to extend the
life of RTFT's mine in northern Quebec - one of the world's largest
ilmenite deposits - and improve efficiency and throughput at its
refining complex in southern Quebec. Ore extracted from mines in Quebec
and Madagascar is refined into titanium dioxide feedstock, pig iron,
steel, metal powders and other products at this complex.
About Rio Tinto, Fer et Titane
Rio Tinto, Fer et Titane, is one of the leading manufacturers of raw
materials for the titanium dioxide industry and a world leader in the
production of high-quality cast iron, steel and metal powders.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the
UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio
Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral
resources. Major products are aluminium, copper, diamonds, energy (coal
and uranium), gold, industrial minerals (borates, titanium dioxide,
salt, talc) and iron ore. Activities span the world but are strongly
represented in Australia and North America with significant businesses
in South America, Asia, Europe and southern Africa.
SOURCE RIO TINTO GROUP
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