Tronox Announces Increases in Titanium Dioxide Prices in Europe, Africa and the Middle East
August 29 2008 - 2:30PM
PR Newswire (US)
OKLAHOMA CITY, Aug. 29 /PRNewswire-FirstCall/ -- Tronox
Incorporated (NYSE:TRXNYSE:TRX.B), on behalf of its subsidiary
companies, today announced price increases for all TRONOX(R)
titanium dioxide (TiO2) grades sold in Europe, Africa and the
Middle East. The following price increases will be effective Sept.
1, 2008, or as contracts allow: -- euro 50 per tonne in all Euro
markets -- US$150 per tonne in the Middle East, Africa and Eastern
Europe -- Other increases may be announced locally within each
region These increases are in addition to all previously announced
price increases for these regions and are 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 Investors, Robert Gibney, +1-405-775-5105, ,
both of Tronox Incorporated Web site: http://www.tronox.com/
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