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, 2017A important tio2 factory in China Northwest stop production due to mudslides hit and the factory will have to be shut down at least two months.It's estimated that the titanium dioxide price in China ...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
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
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
September 6, 2017In late May, the price of titanium dioxide market gradually into the hover, disadvantaged areas. Raw materials sulfate stalemate stable, the cost of support for titanium dioxide is still weak. Most ma...view