Tronox Increases Titanium Dioxide Prices in Asia-Pacific
Oklahoma City, June 4, 2008 – Tronox Incorporated (NYSE: TRX, TRX.B), on behalf of its subsidiary companies, today announced that prices for all TRONOX® titanium dioxide (TiO2) grades sold in the Asia-Pacific region will increase by US$150 per tonne, effective July 1, 2008, or as contracts allow. Other increases may be announced locally within the region.
Tronox has and will continue to focus on increasing the efficiency and productivity of its facilities; however, those efforts in isolation cannot be expected to offset the significant increases in freight, energy and other input costs that the TiO2 industry has absorbed over the last two years. TiO2 is a critical raw material for customers, and these increases in addition to the increases announced in December 2007 and March 2008 are required to ensure the industry can profitably reinvest in the business to meet customers’ needs in the future.
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.