08 October 2008 12:31 [Source: ICIS news]
LONDON (ICIS news)--Cristal has won US regulatory approval to for its $110m (€80m) takeover of International Titanium Powder (ITP), a US maker of high-purity titanium and titanium alloy powders, Cristal’s parent company Tasnee said on Wednesday.
The acquisition was expected to close in the near future, Tasnee said.
In October 2007, ITP broke ground on a 4m lb/year (1,814 tonne/year) titanium powder plant in ?xml:namespace>
Cristal also recently acquired nearly 93% interest in
($1 = €0.73)
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