KYIV, May 15 - Velta with assets for the extraction of titanium-bearing ores in Novomyrhorod (Kirovohrad region) intends to build a production complex in three phases to increase the output of titanium powder to 10,000 tons in five and a half years.

Anatoliy Amelin, the director for investments and strategy of the company, said at a business forum held in Lugano (Switzerland) on May 12 that at the first stage lasting 18 months, it is planned to achieve the production of 1,000 tons of titanium powder with a total investment of $100 million.