Pradeep Koneru’s Trimex plans $850 million titanium unit in Indonesia

Pradeep Koneru’s Trimex plans $850 million titanium unit in Indonesia. Trimex Sands, a part of the Trimex group which has presence across India, UAE, Dubai and a leading international conglomerate with a focus on heavy minerals, has signed an MoU with the Indonesian government to set up a world-class integrated titanium project worth $850 million. Leveraging heavy mineral resources in Indonesia, the company will identify the project’s site in accordance with the location of titanium resources in the country and will enable the authorities to advance lesser-developed regions of Indonesia. The company will invest in three phases over the next 10 years.