Tronox to Buy Cristal Pigments, Sell Alkali

Tronox Ltd of Stamford, CT has announced a definitive agreement to acquire the titanium dioxide business of Cristal of Saudi Arabia for US$1.673 billion of cash and Class A ordinary shares representing 24% ownership in pro forma Tronox. Concurrently with this announcement, Tronox has announced its intent to begin a process to sell its Alkali...

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Huntsman Spin-Off of Venator Gets Green Light

Huntsman Corp of The Woodlands, TX has reported a 2016 adjusted EBITDA of US$130 million for its Pigments & Additives segment on revenues of US$2.14 billion versus US$61 million on revenues of US$2.16 billion in 2015. The segment generated fourth quarter revenues of US$491 million versus US$453 million in the same quarter of 2015. The...

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Tronox: 2016 Marks Recovery in Global Pigment Markets

Tronox Ltd has reported fourth quarter 2016 revenue of US$548 million compared with US$535 million in the prior year quarter. The company’s Titanium Dioxide segment reported a 5% increase in revenue to US$352 million offsetting a 1.5% decline in revenue in the Alkali segment to US$196 million. The increase in Titanium Dioxide segment fourth quarter...

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Ciner’s Soda Ash Sales Volumes Increase Offsets Lower Global Prices

Ciner Resources LP of Atlanta, GA has reported a 2016 net income of US$86.3 million on net sales of US$475.2 million compared with US$106.2 million on sales of US$486.4 million in 2015. The company produced 2.69 million tons of soda ash last year and sold 2.74 million tons compared with 2.66 million tons produced and...

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Imerys Acquisitions Provide Platform for Future Growth

Imerys SA of France has reported a 6% increase in net income for 2016, to €362.1 million (US$ 384.3 million), on revenue 1.9% higher at €4.17 billion (US$4.43 billion). The company improved its performance and achieved its growth target for net income. Gilles Michel, Imerys’ CEO, commented, “These achievements are the result of our operational...

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