KIEV: NEQSOL Holding has officially acquired “United Mining and Chemical Company” JSC (UMCC), positioning itself as the owner of one of the world’s foremost producers of titanium raw materials. This acquisition marks a significant expansion in NEQSOL’s portfolio, adding a substantial asset that caters to a global market with a burgeoning demand for titanium.

According to Trend News Agency, “Cemin Ukraine,” a subsidiary of NEQSOL Holding, purchased 100% of the shares of the state-owned UMCC at an auction aimed at the company’s privatization. This strategic acquisition received the green light from the Cabinet of Ministers of Ukraine, reinforcing the legitimacy and strategic importance of the transaction.

UMCC stands out as a prominent player in the titanium and zirconium production industry, ranking among the top ten global producers and processors of these ores. It holds a commanding 4% of the global market share and is the largest producer in Europe. In 2020 alone, UMCC produced close to 350,000 tons of ti
tanium and zirconium ore concentrates. The company’s operations are integral to the regions of Dnipropetrovsk and Zhytomyr in Ukraine, where its main facilities, the Vilnohirsk Mining and Metallurgical Plant and the Irshansk Mining and Processing Plant, are located.

The acquisition by NEQSOL Holding is not just a mere addition to its assets but a strategic move to bolster its influence in the international markets. “With the acquisition of the ‘United Mining and Chemical Company,’ we continue to implement our strategy of international business expansion. UMCC is one of the world’s largest producers of titanium raw materials, which are of great importance and application in various strategic industries. This deal will strengthen our holding’s position in the international business arena. As a strategic investor, we will contribute to the modernization and further development of the company,” stated NEQSOL Holding’s management.

NEQSOL Holding, known for its diverse operations across 11 countries in sectors su
ch as telecom, energy, construction, and hi-tech, views this acquisition as a pivotal step towards enhancing its global footprint in the critical minerals sector.