Recently, the world's largest titanium dioxide ranked second giant Saudi Coste and Jiangxi Tianguang Chemical Co., Ltd. joint venture in the establishment of Fuzhou, Jiangxi Timor Titanium Industry Co., Ltd. engaged in the production of titanium dioxide. The total investment of the new company is about 176 million U.S. dollars. At present, the joint venture application has been approved by the business sector.
Koster is a Saudi Arabian multinational company founded in 1991. His growing experience is legendary. At the beginning of 2007, Koster was only an unknown pawn in the global titanium dioxide industry. However, in May 2007, Koster took the American Li Lian incident to stir the world titanium dioxide industry, and Kostroma became the focus of global titanium dioxide. In 2008, it continued to accelerate the pace of expansion and completed a series of cross-border acquisitions. In 2009, Koster became the world's second largest manufacturer of titanium dioxide, second only to DuPont.
This joint venture is one of the strategies of Koster to expand its global business. Up to now, China has become Koster's largest market for titanium dioxide in the world. The acquisition of Tim Chemicals is an important measure for Koster to expand its influence in the Chinese market.
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