Tronox Announces Increases in Titanium Dioxide Prices in Europe
July 17 2008 - 9:20AM
PR Newswire (US)
OKLAHOMA CITY, July 17 /PRNewswire-FirstCall/ -- Tronox
Incorporated (NYSE:TRXNYSE:TRX.B), on behalf of its subsidiary
companies, today announced that the price for all TRONOX(R)
titanium dioxide (TiO2) grades sold in Europe will increase by euro
80 per tonne, effective Aug. 1, 2008, or as contracts allow. Other
increases may be announced locally within each region. This
increase is in addition to the price increases announced in June
2008, and is the next step toward partially offsetting the
extraordinary increases in freight, energy and other input costs
that the TiO2 industry has absorbed over the last two years. Tronox
has and will continue to focus on increasing the efficiency and
productivity of its facilities; however, these increases 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
http://www.tronox.com/. Forward-Looking Statements: Some
information in this news release regarding the company's or
management's intentions, beliefs or expectations, or that otherwise
speak to future events, are "forward-looking statements" within the
meaning of Section 27A of the Securities Exchange Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements include those statements
preceded by, followed by or that otherwise include the words
"believes," "will," "expects," "anticipates," "intends,"
"estimates," "projects," "target," "budget," "goal," "plans,"
"objective," "outlook," "should," or similar words. Future results
and developments discussed in these statements may be affected by
numerous factors and risks, such as the accuracy of the assumptions
that underlie the statements, the market value of Tronox's
products, demand for consumer products for which Tronox's
businesses supply raw materials, the financial resources of
competitors, the market for debt and/or equity financing, changes
in laws and regulations, the ability to respond to challenges in
international markets, changes in currency exchange rates,
political or economic conditions in areas where Tronox operates,
trade and regulatory matters, general economic conditions, and
other factors and risks identified in the Risk Factors Section of
Tronox's Annual Report on Form 10-K for the year ended December 31,
2007, and subsequent Quarterly Reports on Form 10-Q, as filed with
the U.S. Securities and Exchange Commission (SEC), and other SEC
filings. Actual results and developments may differ materially from
those expressed or implied in this news release. The company does
not undertake to update forward-looking statements to reflect the
impact of circumstances or events that arise after the date the
forward-looking statement was made. Investors are urged to consider
closely the disclosures and risk factors in Tronox's Annual Report
on Form 10-K for the year ended December 31, 2007, available on
Tronox's website, http://www.tronox.com/. This also can be obtained
from the SEC by calling 1-800-SEC-0330. Media Contact: Debbie
Schramm Direct: 405-775-5177 Cell: 405-830-6937 Investor Contact:
Robert Gibney Direct: 405-775-5105
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http://photoarchive.ap.org/ DATASOURCE: Tronox Incorporated
CONTACT: Media, Debbie Schramm, +1-405-775-5177, Cell,
+1-405-830-6937, , or Investor, Robert Gibney, +1-405-775-5105, ,
both of Tronox Incorporated Web site: http://www.tronox.com/
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