Argex equipment procurement process for Valleyfield plant

Argex Titanium Inc, the Canadian producer of Titanium Dioxide (TiO2) pigment, has commenced preliminary engineering work with the equipment vendors for the longest lead items as the first step in the ordering of the equipment for the Valleyfield industrial-sized plant. “This is an important step in the equipment ordering process. It effectively maintains our company’s planned schedule by securing our priority with the vendors for delivery,” commented Enrico Di Cesare, Chief Operating Officer and Vice-President of Technology, Argex.

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He added, “Furthermore, other equipment items that we had previously identified as having some of the longest lead times have been recategorised based on updated vendor information. The ongoing testing work that we have been carrying-out with many of the equipment vendors have led to their improved understanding of our requirements and this has led to materially reduced delivery times. In some cases, weaker market conditions for required equipment have also improved the delivery times and prices previously expected.”

According to Di Cesare, core strategy of Argex continues to be to mitigate risk while moving rapidly towards 2015 production and revenue. “The next steps will be the finalisation of the purchase orders for the long lead items and the selection of the remaining equipment in the first quarter of 2014,” he added.