Tronox Holdings plc, the world’s largest vertically integrated producer of titanium dioxide pigment, today announced its Board of Directors has authorized the repurchase of up to $100 million of the company’s stock. “This authorization to repurchase shares is consistent with our long-term capital allocation priorities of deleveraging, investing in high-return organic projects to lower our costs and opportunistically returning capital to shareholders,” said Jeffry N. Quinn, chairman and chief executive officer of Tronox. “We believe our shares are drastically undervalued and repurchasing shares at the current price is a high-return use of a portion of our discretionary capital that will not impact our ability to achieve our deleveraging commitments or our timeline to deliver the substantial synergies resulting from the Cristal acquisition.”
Lecta increases its extensive offer of Adestor self-adhesive materials for digital printing with the launch of Adestor Inkjet Matt LR FSC (C011032) SP123 White Glassine 62.
This new product, specially indicated for logistics and retail labels, provides good absorption and uptake of inks, resulting in excellent drying times both for UV and water-based inks.
With this launch, Lecta continues to build on its specialized multiproduct offer for digital printing, responding to the increasing market demand for highly customized environmentally friendly products.
The entire Adestor range is produced in accordance with ISO 14001 and EMAS environmental standards, ISO 50001 energy management standards, ISO 9001 quality standards and OHSAS 18001 occupational health and safety standards. The range is also available with PEFC™ and FSC® Chain of Custody forest certification upon request.