Ukrainian billionaire Dmitry Firtash’s holding company, Group DF, plans to build a new titanium dioxide plant in three or four years, Ekonomicheskie Izvestia reported, citing Firtash.

The new plant will have annual titanium dioxide output capacity of 120,000 tons, according to Kiev-based Izvestia. Together with ZAT Krymskyi Tytan, titanium dioxide production will reach 240,000 tons a year by 2016, the newspaper reported.

To contact the reporter on this story: Kateryna Choursina in Kiev kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net