Tronox Provides Update on TiZir Titanium and Iron Acquisition

Tronox Holdings plc (NYSE:TROX) (“Tronox” or the “Company”), a leading integrated manufacturer of titanium dioxide pigment, today received a decision from the British Competition and Markets Authority (“CMA”) indicating that it intends to open a Phase 2 investigation into Tronox’s proposed acquisition of the TiZir Titanium and Iron (“TTI”) business from Eramet S.A. (the “Seller”) as announced on May 14, 2020. As a standard part of the process, the Company may offer remedies to the CMA before it reaches a final decision on whether to begin a Phase 2 investigation. The Company will keep the market informed of the progress of the transaction.

The transaction did not require notification in the United Kingdom or meet premerger reporting thresholds in the United States; however, the CMA and the Federal Trade Commission each launched investigations into the transaction, and the Company has been cooperative throughout these reviews.
https://www.tronox.com/tronox-provides-update-on-tizir-titanium-and-iron-acquisition/

Related Posts

Paper Excellence Canada signs LOI with Pelican Lake and Witchekan First Nations

Pelican Lake First Nation and Witchekan Lake First Nation and Paper Excellence Canada announced today the signing of a Letter of Intent that sets out the intentions of all parties to build a collaborative relationship with each other in Saskatchewan. “We now have agreements with all the industries around us,” said Chief Peter Bill of the Pelican Lake First Nation. Chief Anne Thomas of the Witchekan Lake First Nation added, “First and foremost in establishing a partnership is standing on common ground with a vision based on positive values. Touring the mill gave me an insight to possible opportunities.”

Suzano Reports Q3-2022 Results

HIGHLIGHTS • Pulp sales of 2,797 thousand tons (+5% vs. 3Q21). • Paper sales³ of 331 thousand tons (-2% vs. 3Q21). • Average net pulp price in export market: US$821/ton (+25% vs. 3Q21). • Average net paper price3 of R$6,905/ton (+40% vs. 3Q21). • Pulp cash cost ex-downtime of R$883/ton (+24% vs. 3Q21). • Leverage ratio declines to 2.1 times in USD and 2.2 times in BRL, despite the investment cycle. • Cerrado Project completes 31% of physical progress and 24% of financial progress

Mondi launches IQ EXTRALIGHT, a new opaque paper for inserts of medications, leaflets, manuals and legal text applications

Mondi launches IQ EXTRALIGHT. The new opaque paper solution is produced at Mondi Neusiedler, Austria, and targets the uncoated premium segment in opaque paper for inserts of medications and cosmetics, operating manuals, catalogues, directories or legal text application. IQ EXTRALIGHT offers an excellent printability, folding performance and is developed for both web and sheet-fed offset printing. Mondi’s new paper solution is FSC™ certified and optionally available as carbon neutral to support customers in improving their CO2 balance. It is part of Green Range, Mondi´s umbrella trademark for sustainable paper solutions, and produced in compliance with the FSC™ certification scheme as well as with EC regulation 1935/2004 on materials and articles intended to come into contact with food. The new IQ EXTRALIGHT paper is now available in folio and reels in 40, 45, 50 and 60 g/m² across Europe. Thanks to its excellent printability and runnability, IQ EXTRALIGHT offers high productivity print runs. The optimised folding performance of Mondi’s new opaque paper further ensures trouble-free processing due to its excellent folding properties and high stiffness including a high luminescence factor for automatic scanning. These attributes make IQ EXTRALIGHT the ideal solution for clients requiring a high standard in both web and offset printing. The high opacity of IQ EXTRALIGHT guarantees excellent readability, supporting the automated quality control by its outstanding sheet formation.
Back To Top
×Close search
Search