Tronox Limited announced a definitive agreement to acquire the TiO2 business of Cristal, a privately held global chemical and mining company, for $1.673 billion of cash and Class A ordinary shares representing 24 percent ownership in pro forma Tronox. Concurrently with this announcement, the company announced its intent to begin a process to sell its Alkali business. The cash portion of the purchase consideration is expected to be funded through proceeds from the sale of assets, including the sale of Alkali and selected other non-core assets if appropriate, and cash on hand.
The combination of the TiO2 businesses of Tronox and Cristal creates the world's largest and most highly integrated TiO2 pigment producer with assets and operations on six continents. The combined company will operate 11 TiO2 pigment plants in eight countries with a total capacity of 1.3 million metric tons per annum and will have titanium feedstock operations in three countries with a total capacity of 1.5 million metric tons per annum.
September 6, 2017Tronox Limited announced a definitive agreement to acquire the TiO2 business of Cristal, a privately held global chemical and mining company, for $1.673 billion of cash and Class A ordinary shares rep...view
September 6, 2017Believe most of the importers for China Tio2 have felt the price-up tendency with past continuous months. It is getting harder to have new order with much more lower price any more from first level Ch...view
September 6, 2017Hostmann-Steinberg announced its Platinum Sponsorship at this year’s annual PrintUV Conference. The company is eager to discuss with the printers attending this year’s conference its complete UV pro...view
September 6, 2017Huntsman Corporation (NYSE: HUN) and Rockwood Holdings, Inc. (NYSE: ROC) today announced completion of an important milestone in Huntsman’s pending acquisition of Rockwood’s Performance Additives a...view
September 6, 2017DuPont (DD.N) said on Thursday it will spin off its titanium dioxide unit into a separately traded public company within 18 months, yielding to intense pressure from Wall Street to divest the volatile...view
September 6, 2017Due to the raw material price of titanium dioxide still keep in rising, and China government pressure on environmental protection , most tio2 factories can't in full load production, combined with the...view