Tronox announces intention to close its pigment plant in the Netherlands

17 March 2025 - Tronox Holdings plc (NYSE: TROX) (‘Tronox’ or the ‘Company’), the world's leading integrated manufacturer of titanium dioxide (TiO2) pigments, today announced that as a result of a strategic review of its asset footprint, Tronox has informed its Dutch workforce that it intends to phase out its 90,000 metric tonne per annum TiO2 plant in Bortelek, the Netherlands. announced that, as a result of a strategic review of its asset footprint, Tronox has notified its Dutch workforce that it intends to idle its 90,000 metric tonnes per year TiO2 plant in Boatlake, the Netherlands. The site is currently closed due to a power outage at the site's chlorine supplier which commenced on 6 March 2025, but is not expected to come back online following consultation with the trade unions.Tronox does not anticipate that this move will impact its ability to serve its customers as the company will leverage its diversified footprint to provide uninterrupted supply. The operating site currently employs approximately 240 affected permanent employees. John D. Romano, Chief Executive Officer, commented, ‘Our announcement today is the result of an extensive review of our asset footprint, driven by the ongoing global supply imbalance caused by competition from China over the past two and a half years and an increasingly challenging operating environment. The idling of our Botlek facility will optimise our remaining facilities and reduce our overall manufacturing costs. Our Botlek colleagues are an important part of our Tronox team. We are committed to assisting our employees during this difficult time and will provide local management support and full service.Tronox estimates that it will incur approximately $130-$160 million in restructuring and other related charges, primarily over the next 18 months, including $55-$65 million of non-cash write-downs related to the idling of facilities. Cost savings are expected to exceed $30 million per year from 2026 onwards.The cost savings from the idling of the Botlek facility are comparable to the Company's previously identified $125-$175 million of sustainable run-rate cost improvements to be delivered by the end of 2026.The Botlek facility is expected to be idled for a period of three years from 2026 onwards, with a total cost of approximately $150 million. As a result of these anticipated actions, free cash flow for the full year 2025 is expected to exceed $50 million.

About Tronox

Tronox Holdings plc is one of the world's leading producers of high quality titanium products, including titanium dioxide pigments, speciality grade titanium dioxide products and high purity titanium chemicals and zircon. We mine titanium-bearing ores and operate upgraded facilities to produce high-grade titanium raw materials, pig iron and other minerals, including the rare earth mineral monazite. with approximately 6,500 employees on six continents, our rich diversity, unrivalled vertically-integrated model, and unrivalled operational and technical expertise across the entire value chain, make Tronox the world's leading producer of titanium dioxide. producer. For more information on how our products add brightness and durability to paints, plastics, paper and other everyday products.

Wuxi CHTI New Material Co., Ltd. was established in 2015, the main product is titanium dioxide. It is one of the CHTI sales companies and has established long-term and stable cooperative relations with other domestic factories. The main products are high-grade rutile, anatase, and titanium white enamel, and the extended products are vanadium and ferrous sulfate. Widely used in coatings, plastics, inks, paper, brake pads, enamel, welding materials, steel, metallurgy, sewage treatment, new energy batteries and other fields.

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