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.
February 7, 2018As China RMB rate to USD is arising around 5.6% since Dec,2017,declinng 6.62 to 6.25. China Tio2 suppliers announces titanium dioxide tio2 new price increasing $150/ton in February.view
August 8, 2017According to the German Coatings Association survey, in nearly 250 enterprises, most companies because of raw material prices continue to rise, so that the paint business has been greatly affected, on...view
September 6, 2017Indonesia＇s main rubber grouping is calling on the world＇s second largest producer to cut output next year by 10 percent, while urging other Southeast Asia rubber-growing countries to do the same to reduce gl...view
September 6, 2017It is reported that some vanadium titanium steel plants in the Chinese Sichuan Province have faced production suspension due to weak market demand, continuously falling steel prices and low margin rat...view
January 23, 2019Accordingto customs statistics, in December 2018, China's titanium dioxide imports were13,905.98 tons, a decrease of 5.05% year-on-year and a decrease of 23.56%. Thecumulative imports from January to ...view
September 28, 2017Ishihara Sangyo Kaisha, Ltd. and its affiliates have announced a priceincrease of Tipaque® titanium dioxide (TiO2) by US$200 per metric ton inthe Asia-Pacific region effective as from October 1st,...view