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