OKLAHOMA CITY, July 27 /PRNewswire-FirstCall/ -- Tronox Incorporated (Pink
Sheets: TRXAQ, TRXBQ), on behalf of its subsidiary companies, today announced the
following price increase for all TRONOX® titanium dioxide (TiO2)
grades effective August 1, 2009 or as contracts
allow:
- Latin America of
$150 per tonne
- Asia Pacific $100 per tonne
These increases are
in addition to the previously announced price increases in these regions, and
other increases may be announced locally within each region.
Headquartered in Oklahoma City, Tronox
is the world’s fourth-largest producer and marketer of titanium dioxide
pigment, with an annual production capacity of 535,000 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, 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 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, www.tronox.com. This also can be obtained from the SEC by calling
1-800-SEC-0330.
SOURCE Tronox Incorporated