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.
August 8, 2017Clariant and Huntsman Corporation announced a merger of equals through an all-stock transaction. The merged company will be named HuntsmanClariant. The transaction is targeted to close by year end 201...view
September 6, 2017PPG Industries＇ (NYSE:PPG) industrial coatings business has introduced ELECTROCOLOR® 3500 coating, an electrodeposition coating (e-coat) designed as a lightly-tinted clearcoat for application on meta...view
September 6, 2017Mainstream titanium ore prices steady. Low-cost resources currently on the market has basically disappeared, 46.5% in Panxi 10 mines have no less than 600 yuan / ton offer small plant resources concen...view
September 6, 2017A producer of titanium dioxide and titanium chemicals, Cristal, will invest $64 million to expand its two Ashtabula, Ohio, manufacturing facilities with plans to create 25 jobs in the region."This is ...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
March 14, 2018From January toDecember 2017, China's total volume of titanium dioxide exports was 83,0916.9tons, an increase of 11,0446.8 tons, and an increase of 15.32% compare with2016 year’s quantity. In Decembe...view