INEOS Enterprises has announced that it has signed an agreement to acquire The North American business of National Titanium Dioxide Company Limited (Cristal) from Tronox Limited for $700 million.
Cristal’s North American business includes two-plants located at the Ashtabula Ohio (US) complex. The deal forms the proposed remedy package submitted to the US Federal Trade Commission (FTC) by Tronox ahead of its proposed acquisition of Cristal’s global titanium dioxide business.
The proposed sale of the North American business to INEOS, has received support from Cristal and Tronox’s North American customers and will make INEOS the second largest producer of this essential product in the country. The wider transaction and remedy proposal is subject to clearance by the Federal Trade Commission (FTC).
Ashley Reed, CEO of INEOS Enterprises said, “This is a great opportunity for INEOS to enter the pigments market, by acquiring a competitive business, with excellent people and assets. INEOS has a strong track record of manufacturing excellence, running its businesses safely and reliably and working closely with customers to meet their growth aspirations.”
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The offroader from the chemical industry
Being a great admirer of the Landrover Defender series, Jim Ratcliffe, CEO of INOES group, founded the new business branch INEOS Automotive. This, for a chemical company, unusual project is based on Ratcliffe’s personal attachment to this offroad car. Ratclife saw a market he thought to be ... more
INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. It comprises 19 businesses each with a major chemical company heritage. Our production network spans 73 manufacturing facilities in 19 countries throughout the world. We believe INEOS is characterized b ... more
INEOS Phenol GmbH was originally founded in Gladbeck, a town located in the western part of Germany, by Phenolchemie in 1952. The company started Phenol production in 1954 and at that time had a total capacity of 8,000 te/a (metric tonnes per annum) of Phenol and 5,000 te/a of Acetone. Con ... more
INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. It comprises 19 businesses each with a major chemical company heritage. Our production network spans 73 manufacturing facilities in 19 countries throughout the world. We believe INEOS is characterized b ... more
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Tronox Incorporated, on behalf of its subsidiary companies, announced the following price increase for all TRONOX® titanium dioxide (TiO2) grades effective September 1, 2010 or as contracts allow: - Europe/Middle East/Africa 150 Euros per tonne or $175 per tonne in U.S. Dollar markets Thi ... more
As a vertically integrated producer of titanium dioxide and inorganic chemicals, Tronox mines and processes titanium ore, zircon and other materials and manufactures titanium dioxide pigment, specialty-grade titanium dioxide products and high-purity titanium chemicals. Our products add brig ... more
