01 October 06

Metalysis acquires the Polar process for Titanium Products from BHP Billiton.

Metalysis and BHP Billiton form joint venture company, Metalysis Titanium Inc

Metalysis announces the acquisition of BHP Billiton’s (the world’s largest resources company) Polar process. The agreement will see BHP Billiton receive a minority stake in a new joint venture company provisionally to be called “Metalysis Titanium Inc”.

Metalysis Titanium Inc will combine the expertise and intellectual property of both the FFC Cambridge and Polar processes and will develop strategic industrial alliances, joint ventures and license deals to rapidly achieve market penetration and production of titanium and bulk titanium alloy products.

Dr Graham Cooley, Metalysis’ chief executive said, “Combining the strengths of both Polar and FFC Cambridge technologies through the formation of MTi is expected to generate unprecedented progress in a range of high volume titanium products. This is indeed an exciting event for the titanium industry and the industries it serves”.