Tronox Limited, together with its subsidiaries, engages in the production and marketing of titanium bearing feedstocks and titanium dioxide pigment (TiO2). The company’s TiO2 products are main components of everyday applications, such as paint and other coatings, plastics, paper and other applications. Business Lines The company has two operating segments, Mineral Sands and Pigment. Mineral Sands segment The Mineral Sands segment includes the exploration, mining and beneficiation of mineral sands deposits, and is comprised of the following: The KZN Sands operations consist of the Fairbreeze mine, a concentration plant, a mineral separation plant, and a smelter complex with two furnaces; The Namakwa Sands operations include the Namakwa Sands mine, a primary concentration plant, a secondary concentration plant, a mineral separation plant, and a smelter complex with two furnaces; and The Western Australia operations consist of the Cooljarloo Sands mine and concentration plant and the Chandala processing plant, which includes a mineral separation plant, and a synthetic rutile plant. The company’s mineral sands operations have a combined annual production capacity of approximately 753,000 metric tons of titanium feedstock, which is comprised of 97,000 metric tons of rutile, 26,000 metric tons of leucoxene, 220,000 metric tons of synthetic rutile, and 410,000 metric tons of titanium slag. The company’s mining operations also produce 265,000 metric tons of zircon and 221,000 metric tons of pig iron. Seasonality: TiO2 is widely used in paint and other coatings, titanium feedstocks are in higher demand prior to the painting season in the Northern Hemisphere (spring and summer), and pig iron is in lower demand during the European summer holidays, when many steel plants and foundries undergo maintenance. Pigment segment The Pigment segment primarily produces and markets TiO2, and has production facilities at the following locations: Hamilton, Mississippi; Botlek, The Netherlands; and Kwinana, Western Australia, representing an aggregate of 465,000 metric tons of annual TiO2 production capacity. TiO2 is used in a range of products due to its ability to impart whiteness, brightness and opacity, and is designed, marketed and sold based on specific end-use applications. TiO2 is used in the manufacture of paint and other coatings, plastics and paper and in a range of other applications, including inks, fibers, rubber, food, cosmetics and pharmaceuticals. Sales and Marketing: The company supplies and markets TiO2 under the brand name TRONOX to approximately 1,100 customers in 90 countries. Seasonality: TiO2 is in higher demand prior to the painting season in the Northern Hemisphere (spring and summer). Patents and Trademarks: As of December 31, 2014, the company held 49 U.S. patents, 9 patent applications, and approximately 240 in foreign counterparts, including both issued patents and pending patent applications. The company’s U.S. patents have expiration dates ranging from 2015 through 2131. Additionally, the company has 4 trademark registrations and 1 pending trademark registration in the U.S., as well as 38 trademark registrations and 2 pending trademark registrations in foreign counterparts. Competition: The company faces competition from competitors with facilities in multiple regions, including E. I. du Pont de Nemours and Company; Cristal Global; Huntsman Pigments; and Kronos Worldwide Inc. Regulations Pigment segment: The pigment business is subject to extensive regulation by federal, state, local and foreign governments. At many of the company’s operations, the company also complies with worldwide, voluntary standards developed by the International Organization for Standardization (ISO), a nongovernmental organization that promotes the development of standards and serves as a bridging organization for quality and environmental standards, such as ISO 9002 for quality management and ISO 14001 for environmental management. Chemical Registration: The European Union adopted a regulatory framework for chemicals in 2006 known as Registration, Evaluation and Authorization of Chemicals (REACH). The company is focused on the authorization phase of the REACH process, and focuses on addressing ‘Substances of Very High Concern’ and evaluating potential business implications. History Tronox Limited was founded in 2005.
tronox ltd-cl a (TROX:New York)
One Stamford Plaza
263 Tresser Boulevard
Stamford, CT 06901
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