Tronox Announces Increases in Titanium Dioxide Prices
Oklahoma City, Dec. 6, 2007 – Tronox Incorporated (NYSE: TRX, TRX.B), on behalf of its subsidiary companies, today announced price increases for all TRONOX® titanium dioxide grades sold in the Asia-Pacific region. Effective Jan. 15, 2008, or as contracts allow, TRONOX® grades sold in the Asia-Pacific region will increase by US$150 per tonne. Other increases may be announced locally within each region.
This increase is in addition to the previously announced price increases in the Asia-Pacific region and is needed to help offset the escalating input costs and support margins and reinvestment required to meet the needs of our global customers.
Headquartered in Oklahoma City, Tronox is the world's third-largest producer and marketer of titanium dioxide pigment, with an annual production capacity of 642,000 tonnes. Titanium dioxide pigment is an inorganic white pigment used in paint, coatings, plastics, paper and many other everyday products. The company's five pigment plants, which are located in the United States, Australia, Germany and the Netherlands, supply high-performance products to approximately 1,100 customers in 100 countries. In addition, Tronox produces electrolytic products, including sodium chlorate, electrolytic manganese dioxide, boron trichloride, elemental boron and lithium manganese oxide. For information on Tronox, visit www.tronox.com.