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, 2017Kenmare Resources plc advises that it will announce its Preliminary Results for the 12 months ended 31st December 2013 on 12 March 2014. An analyst briefing will be held at 8:00am BST at the offices o...view
September 6, 2017Although imports of TiO2 from Australia to China has increased enormously, imports in Feb. is still greatly reduced due to the following reasons. One reason is that the imports from the US (a major im...view
September 6, 2017Globally Cristal, Huntsman, Chemour and Tronox increase titanium dioxide price with more than US$250/mt since July 1st and their supply is limited. In China market today, the chloride process titanium...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, 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, 2017Date: Nov 12, 2013Venue: King Wing hotel, Beijing ChinaOrganized by: CHINA NATIONAL COATINGS INDUSTRY ASSOCIATION(CNCIA)Sponsored by: Titanium Dioxide Branch of CNCIAThemes:(i) to understand and inter...view