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.
December 3, 2020The price oftitanium dioxide in China has risen again, most of suppliers increase aroundRMB 700-1000/ton, USD100-150/ton, mainly because of the sharply increase in theprice of raw materials titanium o...view
February 24, 2021Venator Materials PLC (“Venator”) today announced global price increases for all its titanium dioxide pigments for coatings, plastics, inks and paper applications. The increases are effective from A...view
February 23, 2023Titaniumdioxide production in January decreased significantly, regional productionmonth-on-month basically have reduced, mainly due to the impact of the market andthe end of the enterprise annual over...view
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October 19, 2020In September 2020, China's titanium dioxideoutput was 302,200 tons, a decrease of about 2,000 tons from August, a decreaseof 0.69% from the previous month and an increase of 13.96% from the previousye...view