OKLAHOMA CITY, July 2 /PRNewswire-FirstCall/ -- Tronox Incorporated
(NYSE: TRX, TRX.B), on behalf of its subsidiary companies, today announced
that prices for all TRONOX(R) titanium dioxide (TiO2) grades sold in Mexico
and Latin America will increase by US$150 per tonne, effective July 15,
2008, or as contracts allow.
This increase is in addition to price increases announced in this
region in January and June 2008 and is the next step toward partially
offsetting the extraordinary increases in freight, energy and other input
costs that the TiO2 industry has absorbed over the last two years.
Tronox has and will continue to focus on increasing the efficiency and
productivity of its facilities; however, these increases are required to
ensure the industry can profitably reinvest in the business to meet
customers' needs in the future.
Headquartered in Oklahoma City, Tronox is the world's third-largest
producer and marketer of titanium dioxide pigment, with an annual
production capacity of 642,000 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, Germany and 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 http://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 market for
raw materials that Tronox uses to produce TiO2, its inability to predict
the prices of such 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, http://www.tronox.com. This also can be obtained from
the SEC by calling 1-800-SEC-0330.
Media Contact: Debbie Schramm
Direct: 405-775-5177
Cell: 405-830-6937
debbie.schramm@tronox.com
Investor Contact: Robert Gibney
Direct: 405-775-5105
robert.gibney@tronox.com
08-30
SOURCE Tronox Incorporated
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Related links:
http://www.tronox.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20051118/TRONOXLOGO-a
http://www.newscom.com/cgi-bin/prnh/20051118/TRONOX-b
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Media, Debbie Schramm, +1-405-775-5177, cell,
+1-405-830-6937, debbie.schramm@tronox.com, or Investor, Robert
Gibney, +1-405-775-5105, robert.gibney@tronox.com, both of Tronox
Incorporated
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