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.
May 16, 2018As entering into May, China titanium dioxide suppliers announcenot to adjust price at current stage after May ,it's estimated that China tio2price trends will be stable in the coming month.view
September 6, 2017China’s output of titanium concentrate ore encounters small increase while imports see slight decrease in May 2014In May 2014, total output of China's titanium concentrate ore encountered increase co...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 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
September 6, 2017Bloomberg reports, "Rubber in Tokyo and Shanghai sank as concern grew that property prices in China will retreat, weakening raw-material demand from the largest consumer. Futures for July delivery on ...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