Tronox Limited, a global mining and inorganic chemicals company, confirmed that its proposed acquisition of the titanium dioxide business of The National Titanium Dioxide Company Limited will be presented to the Federal Trade Commission for its consideration. The FTC staff joined Tronox in moving to withdraw the case from adjudication and asking the Commission to consider the transaction with the proposed remedy. In addition to the motion, the submission to the Commission consists of the proposed orders necessary to authorize the transaction, including an Agreement Containing Consent Orders, a Decision and Order, and an Order to Maintain Assets, together with a definitive agreement for the sale of Cristal’s North American TiO2 business to INEOS Enterprises, a division of INEOS, (“INEOS“). All the proposed orders have been executed by the parties. The transaction, modified to include the proposed divestiture, has garnered widespread support from Cristal and Tronox’s North American pigment customers. “This joint submission with FTC staff represents significant progress toward obtaining clearance from the FTC to proceed with both the consummation of our transaction and the proposed remedy,” said Jeffry N. Quinn, president and chief executive officer of Tronox. Click Read More below for additional detail.
Newsprint manufacturers Resolute announced Thursday that they are idling their Augusta facility “indefinitely” due to the “ongoing significant decline” in print consumption across the United States.
As a result, 160 jobs are in peril at the facility. Resolute says they’ve already had to idle the facility for several weeks already in 2019 and had been idled since early October.
more at: https://www.wrdw.com/nbc26/content/news/160-jobs-in-peril-as-Resolute-announces-idling-of-Augusta-newsprint-facility-564917642.html