Please wait.'

Page is loading'


Home  > Markets & companies  > Raw materials market  > Cristal announces acquisition agreement wi...

Sunday, 22 September 2019
pdf
Markets & companies, Raw materials market

Cristal announces acquisition agreement with Jiangxi Tikon

Wednesday, 29 October 2014

The National Titanium Dioxide Company, Ltd. ("Cristal”) has entered into an agreement to acquire the titanium dioxide assets of Jiangxi Tikon Titanium Company, Ltd.

The Jiangxi Tikon manufacturing facility is located in the city of Fuzhou in Jiangxi Province, China. Source: Moonrun/Fotolia

The Jiangxi Tikon manufacturing facility is located in the city of Fuzhou in Jiangxi Province, China. Source: Moonrun/Fotolia

The Jiangxi Tikon manufacturing facility is located in the city of Fuzhou in Jiangxi Province, China. The transaction, which is expected to close no later than the end of Q1 2015, will consist of a combination of an asset and equity deal structure.

Expanding the global geographical presence

The acquisition of the Jiangxi Tikon titanium dioxide assets is part of Cristal’s strategy to expand its global geographical presence in all regions of the world and to increase its presence in the largest TiO2 demand market in the world. Mark Stoll, Director General – Corporate Development, said: "Cristal firmly believes this transaction will further enhance our ability to increase our product offering to our global customer base and show our commitment to supplying the best products and services available in the industry.”

China represents a significant portion of the future global titanium dioxide demand growth over the coming decades. This move supports Cristal’s strategy to grow as the strongest and most globally placed titanium producer in the world.

The annual global production of titanium dioxide is over 4 million metric tons. Around 60% is used in paints or coatings, 20% in plastics, 12% in paper and 8% in a wide range of smaller applications.

top of page
Comments (0)
Add Comment

Post comment

You are not logged in

register