Rationalize 130kt titanium dioxide capacity in Europe, starting with the shut down of TiO₂ production in Duisburg, Germany.
Venator Materials announced that, following its emergence from Chapter 11, the newly appointed board of directors, together with management, have completed a strategic review and intend to implement a transformation plan to position Venator for long-term success. This plan has the support of its new shareholders.
2024 Transformation Plan Highlights
- Rationalize 130kt titanium dioxide (TiO2) capacity in Europe, starting with the shut down of TiO2 production in Duisburg, Germany
- Transfer the specialty TiO2 business from Duisburg to Uerdingen, Germany
- Strengthen our remaining TiO2 footprint through innovation and investment
- Recover margins through pricing and cost management
- Pursue opportunities to monetize specific additives businesses.
