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, 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, 2017World Titanium Resources (ASX: WTR) has streamlined its board of directors to meet the challenges presented by the next stage of its Ranobe mineral sands project in Madagascar. Chairman Wayne Malouf a...view
September 6, 2017In the year under review, domestic sales of titanium dioxide remained mostly unchanged from the previous year, buoyed by firm internal demand. However, overseas sales declined in both volume and value...view
September 6, 2017THE WOODLANDS, Texas, Jan. 31, 2017 -- A fire started January 30 at Huntsman Corporation's (HUN) titanium dioxide manufacturing facility in Pori, Finland. All Huntsman associates at the site have be...view
September 6, 2017Due to the raw material price of titanium dioxide still keep in rising, and China government pressure on environmental protection after China new year. China titanium dioxide suppliers make a new pri...view
September 6, 2017Harmony Chemical participated in ChinaPlast successfully from May 16th to 19th, 2017, this is the 31st International Exhibition on Plastics & Rubber Industries. We won a good reputation from both ...view