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.
March 20, 2024According to the market, China Tio2 begin a new round price increase.China tio2 suppliers increase of around CNY 500 per ton for China market, and increase of around USD 100 per ton for overseas marke...view
September 6, 2017WILMINGTON, Del., Feb. 6, 2017 -- The Chemours Company (Chemours) (NYSE: CC), today announced a price increase on all Ti-Pure ™titanium dioxide grades sold in North America, Canada, Asia- Pacifi...view
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December 11, 2023In November 2023, China's titanium dioxide production of 389,400 tons, down 2.73% from the previous year, an increase of 21.46%; From January to November 2023, the cumulative production of titanium di...view
November 11, 2022According to the market demand for titanium dioxide, along with the rising prices of raw material, and the depreciation of the RMB exchange rate, China titanium dioxide suppliers announced price incre...view