Tronox Slows Pigment Output After Cost Gain, Price Drop
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Tronox Ltd., the largest integrated producer of titanium dioxide, slowed production of the pigment used in paints and plastics after ore costs rose and prices declined in Europe and the Asia-Pacific region.
Earnings before interest, taxes, depreciation and amortization in the second quarter will be about 20 percent less than first-quarter Ebitda of about $151 million, Stamford, Connecticut-based Tronox said today in a statement.