On September 2, 2025, according to a court spokesperson, Venator Uerdingen GmbH has filed for bankruptcy in the German district court. On September 4th, the Venator chemical plant located in Duisburg also filed for bankruptcy due to the bankruptcy of its British parent company, Venator UK, which led to a lack of sufficient liquidity in its German subsidiary. About 350 employees at the factory are facing job changes. Previously, the Duisburg plant had already shut down titanium dioxide production in 2024, cutting approximately 290 jobs. I. External Environment. The Russia-Ukraine conflict has pushed up energy costs, with Germany being significantly affected. The production cost of Venator has increased sharply. Moreover, after the epidemic, the market demand was weak, and the downstream demand for titanium dioxide-related products decreased, which led to the obstruction of its product sales and a decline in revenue. In the global market, Chinese titanium dioxide producers, relying on their competitiveness, have posed a threat to European enterprises such as Venator. Even though the EU has imposed anti-dumping duties on related Chinese products, it has failed to effectively prevent this. Ii. Internal Factors. Although Venator has launched a business transformation plan, it has encountered problems such as difficulties in technological upgrading and shortage of funds during its implementation. The internal management and decision-making mechanisms lag behind in responding to market changes and fail to adjust the product structure and marketing strategies in a timely manner.