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

April 20, 2025

OMV CEO: Borealis, Borouge, Nova merger a ‘game-changer

Energy & Chemical Value Chain

It is indeed a pivotal milestone for OMV and the chemicals industry at large. Together with ADNOC, we are combining Borealis and Borouge to create Borouge Group International. The new entity will acquire Nova Chemicals, further expanding its footprint in North America. The combination is built on highly complementary strengths of these three world-class companies.

April 20, 2025

Ineos Inovyn launches 9th Global Award

Energy & Chemical Value Chain

The awards are designed to recognise pioneering ideas and showcase the vital role vinyl plays. The industry faces an increasingly challenging environment with growing geopolitical uncertainty – highlighting the need for new technologies, sustainability stewardship, and strong leadership.

April 20, 2025

Neste starts up SAF production at Rotterdam Refinery

Energy & Chemical Value Chain

The refinery has been modified to enable Neste to produce up to 500,000 metric tons per year (m.t./yr) of SAF. As a result, Neste’s global SAF production capability has increased to 1.5 million m.t./yr (around 1.875 billion liters). Last year, Neste bolstered its SAF supply capabilities in North America through a partnership with ONEOK to expand terminal capacity in Houston.

How can we help you?

We're easy to reach