TITANIUM: Argex signs second long term offtake agreement

QUEBEC – Argex Titanium of Montreal has signed an exclusive, long term marketing and supply agreement with a subsidiary of German-based Helm AG. Helm US Corp. will distribute 50% of the titanium dioxide made in Argex's Salaberry-de-Valleyfield plant, up t o 25,000 t/y for a period of seven years.

The deal with Helm kicks in when the plant reaches a certain throughput, expected to occur in Q1 2017.

Argex earlier signed a supply agreement with PPG Industries. The Canadian company said that the two contracts commit a significant portion of the available capacity of the plant.

Learn more about the new plant at Argex.ca.