Tronox titanium slag exit curtails 2014 sales but acquisitions give strong outlook

By Josie Shillito
Published: Friday, 27 February 2015

As expected, Tronox's exit from the titanium slag market hit its 2014 results. However, the acquisition of Alkali Chemicals from FMC and the construction of its Fairbreeze mineral sands mine are expected to add around $200m onto the group's adjusted EBITDA in future results.

Tronox’s decision last year to withdraw from the titanium slag market hit its full year and fourth quarter 2014 mineral sands sales.

The New York-listed business also suffered from lower selling prices and volumes in pigment and mineral sands segments, which together pushed revenues down to $400m in fourth...

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