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Tronox Holdings plc (NYSE: TROX) is a global leader in the mining, production, and marketing of inorganic minerals and chemicals. The company's core business revolves around two vertically integrated divisions: Titanium Dioxide (TiO2) and Alkali Chemicals. The TiO2 division is dedicated to mining and processing titanium ore, zircon, and other minerals, and manufacturing TiO2 pigments. These pigments provide brightness and durability to paints, plastics, paper, and various everyday products. Tronox operates mines and mineral processing plants in South Africa and Australia, along with pigment manufacturing facilities in the USA, the Netherlands, and Australia.
Tronox Alkali is the world's largest producer of natural soda ash, supplying a secure and diverse range of high-quality products. This division processes trona ore to manufacture soda ash, essential in glass production, detergents, chemical manufacturing, pulp and paper production, and water treatment. The company also produces sodium bicarbonate and other chemicals.
Tronox boasts a vertically integrated model, ensuring a reliable supply chain from raw materials to finished products. The company operates titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia and South Africa, which produce feedstock materials that can be processed into TiO2 pigment, high-purity titanium chemicals, including titanium tetrachloride, and ultrafine TiO2 used in specialty applications.
With pigment production facilities in the United States, the Netherlands, and Western Australia, and mining operations in Western Australia and South Africa, Tronox serves customers across North America, the Asia-Pacific, and Europe, the Middle East, and Africa. The company's extensive operations and global footprint enable it to meet the demands of various regions effectively.
Recently, Tronox announced its fourth quarter 2023 earnings, revealing substantial growth and a strong financial position. The company generated $686 million in revenue for the quarter, marking a 6% increase from the previous year. Despite some operational challenges, Tronox has maintained its commitment to innovation and sustainability. The company is nearing the conversion of 40% of its power in South Africa to solar energy, significantly reducing its global carbon emissions.
Tronox's financial stability is evident with $2.8 billion in total debt and available liquidity of $761 million as of December 31, 2023. The company continues to focus on its operational efficiency, cost management, and strategic initiatives to drive long-term growth and profitability.
For more information about how Tronox's products add brightness and durability to various applications, visit tronox.com.
Tronox Holdings (NYSE: TROX), the world's leading integrated manufacturer of titanium dioxide pigment, has announced a quarterly dividend of $0.125 per share. The dividend will be paid on December 13, 2024, to shareholders of record as of November 11, 2024. Tronox operates globally with approximately 6,500 employees across six continents, specializing in titanium products, including titanium dioxide pigment, specialty-grade products, high-purity chemicals, and zircon through its vertically integrated business model.
Tronox Holdings reported Q3 2024 financial results with revenue of $804 million, up 21% year-over-year but down 2% quarter-over-quarter. The company posted a net loss of $25 million and adjusted EBITDA of $143 million with a 17.8% margin. TiO2 revenue increased 10% to $616 million, while Zircon revenue grew 124% to $74 million. For Q4 2024, the company expects TiO2 volumes to decline 10-15% compared to Q3, with Adjusted EBITDA projected at $120-135 million.
Tronox Holdings plc (NYSE: TROX) has announced the schedule for its third quarter 2024 earnings release and webcast conference call. The earnings release is set for Thursday, October 24, 2024, after market close, while the webcast conference call will take place on Friday, October 25, 2024, at 8:00 AM ET. The call will be accessible via internet broadcast and telephone, with dial-in numbers provided for both US and international participants. Presentation slides will be available on the company's investor relations website. A replay of the call will be available from October 25 until October 31, 2024.
Tronox is a leading producer of high-quality titanium products, including titanium dioxide pigment and specialty-grade products. The company operates globally, mining titanium-bearing mineral sands and producing high-grade titanium feedstock materials, pig iron, and other minerals.
Tronox Holdings plc (NYSE: TROX), the world's leading integrated manufacturer of titanium dioxide pigment, has announced a quarterly dividend of $0.125 per share. The dividend will be payable on September 27, 2024 to shareholders of record at the close of business on August 26, 2024. Tronox is a global leader in producing high-quality titanium products, including titanium dioxide pigment, specialty-grade titanium dioxide products, and high-purity titanium chemicals. The company operates across six continents with approximately 6,500 employees, leveraging its vertical integration model and expertise across the titanium value chain.
Tronox Holdings plc (NYSE:TROX) reported its Q2 2024 financial results:
- Revenue of $820 million, up 3% year-over-year
- Net income of $10 million
- Adjusted EBITDA of $161 million
- Free cash flow of $84 million
Key highlights:
- TiO2 volumes up 16% YoY, but prices down 8%
- Zircon volumes up 4% YoY, but prices down 15%
- Q3 outlook: TiO2 volumes expected to decline 2-4% QoQ, Adjusted EBITDA forecast at $145-165 million
- Average pigment plant utilization improved to ~80% in July
CEO noted continued recovery in TiO2 and zircon demand, but expects less robust macro backdrop in H2 2024.
Tronox Holdings plc (NYSE:TROX), the world's leading integrated manufacturer of titanium dioxide pigment, has released its 2023 sustainability report. The report highlights significant achievements in the company's sustainability goals, including:
- Reinforcing carbon emission reduction targets: 50% reduction in Scope 1 and 2 emissions intensity by 2030, carbon neutrality by 2050, and 16% reduction in Scope 3 emissions by 2030.
- Commissioning a 200MW solar project in South Africa, providing 40% of the company's energy needs in the region.
- Progressing a second major renewable project in South Africa, expected to reduce global Scope 1 and 2 emissions by 12% when fully implemented in 2027.
- Implementing automated process controls to reduce coke consumption and Scope 1 emissions.
- Engaging suppliers to reduce Scope 3 emissions and progressing towards eliminating waste to external landfills by 2050.
Tronox also committed to aligning with the Taskforce on Nature-Related Financial Disclosures and Science-Based Targets for nature in the next two years.
Tronox Holdings (NYSE: TROX) will release its Q2 2024 earnings on August 1, 2024, after market close. The company will hold a webcast conference call on August 2, 2024, at 10:00 AM ET to discuss the results. The webcast and call will be accessible to the public via internet broadcast and telephone. Presentation slides will be available on their investor relations website. A replay of the call will be available from August 2, 2024, at 12:00 PM ET until August 7, 2024. Tronox is a leading global producer of titanium products, including titanium dioxide pigment and high-purity titanium chemicals.
For more information, visit tronox.com or contact Jennifer Guenther at +1.646.960.6598.
Tronox Holdings (NYSE:TROX) announced a long-term agreement with NOA Group for ~497GWh of renewable wind and solar energy in South Africa, expected to be fully operational by 2027. This project will reduce Tronox's global Scope 1 & 2 greenhouse gas emissions by 12% and supply 70% of its South African electricity needs via renewable energy. Previously, in 2022, Tronox signed a 200MW solar power agreement with SOLA Group, now operational. These efforts aim to achieve net zero emissions by 2050. The partnership also promises economic and employment benefits for the local community.
Tronox announced the appointment of Lucrèce Foufopoulos-De Ridder to its Board of Directors, effective May 8, 2024. She brings extensive executive leadership experience in the chemicals industry and sustainability focus to the board. Tronox aims to recruit executives like Lucrèce to enhance its position as a global leader in sustainable mining solutions.
Tronox Holdings plc, a top titanium dioxide pigment manufacturer, declared a $0.125 quarterly dividend, payable on June 21, 2024, to shareholders on record as of May 20, 2024. Tronox is a global leader in titanium products, with diverse operations and a strong workforce.
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