Millennium Inorganic Chemicals do Brasil, headquartered in Camacari in the state of Bahia, will invest R$ 54.6 million to expand and modernise its Guaju mining facility situated in Mataraca, State of Paraiba. Of that amount, BNDES will lend R$ 17.8 million. The expansion is to be concluded within the second half of 2002. It will allow the company to lift its titanium dioxide production in Camacari from the current 60,000 to 70,000 tons per year, which will increase the company’s turnover by USD 25 million. Millennium Inorganic Chemicals, which posted a turnover of R$ 316 million in Brazil last year, postponed plans of investing USD 20 million to expand the Camacari plant.
