Tronox Increases Titanium Dioxide Prices in Asia-Pacific
August 11 2008 - 3:15PM
PR Newswire (US)
OKLAHOMA CITY, Aug. 11 /PRNewswire-FirstCall/ -- Tronox
Incorporated (NYSE:TRXNYSE:TRX.B), on behalf of its subsidiary
companies, today announced that prices for all TRONOX(R) titanium
dioxide (TiO2) grades sold in the Asia-Pacific region will increase
by US$200 per tonne, effective Sept. 1, 2008, or as contracts
allow. Other increases may be announced locally within the region.
This increase is in addition to all previously announced price
increases for this region 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 market for raw materials that
Tronox uses to produce TiO2, its inability to predict the prices of
such 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, Direct, +1-405-775-5177, Cell,
+1-405-830-6937, , or Investors, Robert Gibney, +1-405-775-5105, ,
both of Tronox Incorporated Web site: http://www.tronox.com/
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