LB Group Co., Ltd. (“LB Group”) and Venator Materials UK Ltd. (“Venator”) have signed an asset acquisition agreement for the purchase of Venator’s titanium dioxide (TiO₂) production facility and related TiO₂ assets in Greatham, UK. The completion of this transaction is subject to regulatory approvals and customary closing conditions. Ms. Xu Ran, Vice Chairwoman of […]
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Recently, Venator has been selling three of its companies operating in the UK, a transaction that will involve 520 employees in the northeast of England. Originally a subsidiary of Huntsman Corporation, Venator’s core business was Huntsman’s former titanium dioxide and performance additives division. Headquartered in Wynyard, UK, Venator went public in 2017, employs around 2,800 […]
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Venator, a global leader in specialty chemicals and ingredients, has unveiled a significant innovation in titanium dioxide (Ti02) technology with the introduction of its TMP and TME-free TIOXIDE TR81 grade. This groundbreaking development marks the beginning of a new series of reformulated Ti02 pigments designed to help customers navigate increasingly stringent chemical regulations while maintaining […]
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Kronos Worldwide has bought out Venator’s 50% interest in their Louisiana Pigment joint venture for $185 million and possible future payments of $15 million. The plant, in Lake Charles, Louisiana, has 156,000 metric tons of annual capacity for chloride-process titanium dioxide. The sale is another step in the streamlining of Venator since the company, the […]
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WYNYARD, UK, July 17, 2024 – Venator Materials plc (Venator) today announces that it has completed the sale of its 50% interest in the Louisiana Pigment Company (LPC) titanium dioxide manufacturing joint venture facility to its operating partner Kronos Worldwide, Inc. The Venator group received $185 million in cash at completion (subject to working capital […]
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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 […]
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