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, 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
December 29, 2020In November,China’s titanium dioxide export volume was approximately 112,300 tons, anincrease of 1.85% month-on-month and a year-on-year increase of 27.07%. It wasthe fourth consecutive month that th...view
August 8, 2017Ishihara Sangyo Kaisha, Ltd. and its affiliates have announced a price increase of Tipaque® titanium dioxide (TiO2) by US$250 per metric ton in the Asia-Pacific region effective as from July 1st, ...view
September 3, 2019China suppliers announces a new titanium dioxide price increasing $50-$80 in the September,2019.This is the second time China tio2 suppliers adjust price in one month.It's estimated that the trends wi...view