KYIV, Feb 25 – Velta industrial and commercial firm with titanium assets in Ukraine will select a site for building a pigment titanium dioxide plant after the presidential election, if it is located in Ukraine or Israel, Director General and the owner of Velta Andriy Brodsky has said in an interview with the PERSONA magazine.

"The development philosophy of our company is based both on expanding the resource base and vertical integration. Velta is clearly pursuing a processing policy, moreover, in the format of an international company. The Israeli Ministry of Economy has somewhat accelerated events and published information about the prospects for building a plant in their territory immediately after the first stage of negotiations. Yes, we want to diversify our activities, but continue to work in Ukraine. However, Israel has special conditions and benefits for investors, even with their consideration to build a plant in Ukraine is cheaper and we will seriously consider this possibility. The general design and technological work is under way. Our company will decide after the presidential elections where the production facilities are located," Brodsky said.