Sector News

Cristal Announces Acquisition Agreement with Jiangxi Tikon

October 28, 2014
Energy & Chemical Value Chain
(BUSINESS WIRE) – The National Titanium Dioxide Company, Ltd. (“Cristal”) today announced that they have entered into an agreement to acquire the titanium dioxide assets of Jiangxi Tikon Titanium Company, Ltd. The Jiangxi Tikon manufacturing facility is located in the city of Fuzhou in Jiangxi Province, The People’s Republic of China.
 
The transaction, which is expected to close no later than the end of Q1 2015, will consist of a combination of an asset and equity deal structure.
 
The acquisition of the Jiangxi Tikon titanium dioxide assets is part of Cristal’s strategy to expand its global geographical presence in all regions of the world and to increase its presence in the largest TiO2 demand market in the world.
 
Mark Stoll, Director General – Corporate Development, said: “Cristal firmly believes this transaction will further enhance our ability to increase our product offering to our global customer base and show our commitment to supplying the best products and services available in the industry.”
 
China represents a significant portion of the future global titanium dioxide demand growth over the coming decades. This move supports Cristal’s strategy to grow as the strongest and most globally placed titanium producer in the world.
 
Source: Cristal

comments closed

Related News

May 4, 2024

Heikki Malinen appointed as the President and CEO of Neste Corporation

Energy & Chemical Value Chain

Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.

May 4, 2024

Rossouw to step down as Sasol CFO in October

Energy & Chemical Value Chain

Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.

May 4, 2024

Chemours CFO Jonathan Lock resigns following code of ethics violations

Energy & Chemical Value Chain

Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.

How can we help you?

We're easy to reach