Tronox Limited announced a definitive agreement to acquire the TiO2 business of Cristal, a privately held global chemical and mining company, for $1.673 billion of cash and Class A ordinary shares representing 24 percent ownership in pro forma Tronox. Concurrently with this announcement, the company announced its intent to begin a process to sell its Alkali business. The cash portion of the purchase consideration is expected to be funded through proceeds from the sale of assets, including the sale of Alkali and selected other non-core assets if appropriate, and cash on hand. The combination of the TiO2 businesses of Tronox and Cristal creates the world's largest and most highly integrated TiO2 pigment producer with assets and operations on six continents. The combined company will operate 11 TiO2 pigment plants in eight countries with a total capacity of 1.3 million metric tons per annum and will have titanium feedstock operations in three countries with a total capacity of 1.5 million metric tons per annum. click Read More below for additional detail
The waters have receded after the record flooding of Hurricane Florence, but many families in North and South Carolina still face the extraordinary challenge of recovering and rebuilding. We at Domtar are doing our part to help people in our communities through diaper donations and other assistance as Hurricane Florence relief efforts continue.
Comfort and Care Donations
We’re meeting needs in coastal and inland areas through our Comfort and Care program and our ongoing partnership with Good360, a global leader in product philanthropy and purposeful giving. This partnership has enabled us to deliver more than 850,000 diapers for adults and infants to agencies in storm-ravaged areas as part of our region’s Hurricane Florence relief efforts.
“We know that we can’t solve all of the problems families are facing, but we are able to help by providing personal hygiene products,” says Heather Stowe, Domtar’s corporate social responsibility manager. “We hope that these donations can meet an essential need for families and children and allow them to focus resources on their recovery. We will continue to look for opportunities to support them in the coming weeks.”
Partners such as Diaper Bank of North Carolina and agencies in Myrtle Beach and Dillon County, South Carolina, have been distributing the donated diapers.
“Maintaining personal health and hygiene is a vital yet often overlooked need following a disaster the magnitude of Hurricane Florence,” says Michelle Old, executive director of Diaper Bank of North Carolina. “As the only statewide diaper bank in North Carolina, we have been on the front lines to provide diapers, feminine hygiene products, adult incontinence supplies, toilet paper and underwear. Domtar Personal Care has been a crucial partner in these Hurricane Florence relief efforts, embracing the importance of basic comfort and dignity by donating two truckloads of supplies.”
Our product donations, as well as items collected at local Hurricane Florence relief drives, went directly to storm-stricken areas in 17 counties.
“Domtar contacted us in advance of the storm’s landfall to see how they could assist. Their help allowed us to plan ahead and ready an immediate response to storm victims,” says Old. “After delivering over a million diapers in a single week, our next task is to sustain support over the upcoming months as individuals and families work to resettle and rebuild their lives. We continue to be grateful to Domtar for the ongoing support and solidarity in our mission to deliver dignity to the residents of our state.”
Savannah McBride, senior financial analyst in our Raleigh office, is originally from Morehead City, North Carolina, which is in a coastal area that was hit hard by the storm. She organized a supply drive at work, with plans to drive the supplies to Morehead City. However, McBride’s colleagues donated so generously that she couldn’t fit everything in her car. In a show of goodwill, a local courier company agreed to help transport the Hurricane Florence relief supplies to Morehead City, free of charge.
more at: https://newsroom.domtar.com/hurricane-florence-relief/