Tronox Enters Option Agreement to Acquire Majority of Advanced Metal Industries Co. Jazan Slagger Operations
"The Option and Technical Services Agreements are another integral step for
As part of the Option Agreement,
Upon reaching the sustained operations of the Slagger as defined within the Option Agreement,
Forward Looking Statements
The forward-looking statements involve risks that may affect the Company's operations, markets, products, services, prices and other risk factors discussed in the Company's filings with the
Tronox Limited is a vertically integrated mining and inorganic chemical business. The company mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products. For more information, visit tronox.com.
Tasnee was established in 1985 as the Saudi private sector's first fully owned joint stock industrial company with the aim of advancing the economic diversification in
Cristal (also known as The National Titanium Dioxide Company Limited) operates eight manufacturing plants in seven countries on five continents and employs approximately 4,100 people worldwide. Cristal is owned 79 percent by Tasnee (a listed Saudi joint-stock company) and 20 percent by Gulf Investment Corporation (GIC), a company equally owned by the six states of the Gulf Cooperation Council (GCC), headquartered in Kuwait. One percent of the company is owned by Dr. Talal A. Al-Shair, who also serves as vice chairman, Tasnee and chairman of Cristal.
View original content with multimedia:http://www.prnewswire.com/news-releases/tronox-enters-option-agreement-to-acquire-majority-of-advanced-metal-industries-co-jazan-slagger-operations-300646098.html