Attached files
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8-K - FORM 8-K - TRONOX INC | d79861e8vk.htm |
EX-4.1 - EX-4.1 - TRONOX INC | d79861exv4w1.htm |
EX-3.1 - EX-3.1 - TRONOX INC | d79861exv3w1.htm |
EX-3.2 - EX-3.2 - TRONOX INC | d79861exv3w2.htm |
EX-10.2 - EX-10.2 - TRONOX INC | d79861exv10w2.htm |
EX-10.4 - EX-10.4 - TRONOX INC | d79861exv10w4.htm |
EX-10.6 - EX-10.6 - TRONOX INC | d79861exv10w6.htm |
EX-10.1 - EX-10.1 - TRONOX INC | d79861exv10w1.htm |
EX-10.5 - EX-10.5 - TRONOX INC | d79861exv10w5.htm |
EX-10.3 - EX-10.3 - TRONOX INC | d79861exv10w3.htm |
Exhibit 99.1
Tronox Incorporated Emerges From Chapter 11
Exits Banruptcy as a Much Stronger Company with a Right Sized Capital Structure
Oklahoma City, Oklahoma, February 14, 2011 Tronox Incorporated (along with its
subsidiaries that filed for Chapter 11, the Company or Tronox) today announced
that it has successfully emerged from its Chapter 11 proceedings.
Our emergence from bankruptcy and our new capital structure is a significant
accomplishment and makes Tronox a much stronger company for the benefit of our
stakeholders, including our customers, vendors, employees, joint venture partner
and shareholders, said Dennis L. Wanlass, Chief Executive Officer of Tronox. We
have successfully restructured our balance sheet while maintaining our business
relationships and significantly improving our operating performance. Having
addressed its substantial legacy environmental and other liabilities through a
comprehensive settlement, Tronox is now well-positioned to compete in the titanium
dioxide and specialty chemical industries. Wanlass added: We emerge today with a
portfolio of world class titanium dioxide and mineral sands assets and our
electrolytic business units strategically positioned to provide our customers around
the globe with a reliable supply of high quality products and services. On behalf of
the management team, I would like to thank the Tronox and Tiwest joint venture
employees worldwide for their hard work and dedication throughout this process, and
our customers and suppliers for their continued support.
For inquiries regarding Tronoxs new capital structure and distributions pursuant to
its Plan of Reorganization please see the Reorganization tab of the companys
website at www.tronox.com.
About Tronox
Tronox commenced its chapter 11 cases on January 12, 2009. Tronox is among the
worlds leading producers of titanium dioxide pigment and other specialty chemicals
used in the manufacture of products such as paints, plastics, paper and batteries.
For more information, please visit www.tronox.com.
Cautionary Statement Regarding Forward-Looking Statements
Forward-Looking Statements: Some information in this news release regarding Tronoxs
or managements intentions, beliefs or expectations, or that otherwise speak to
future events, including the terms of the Plan, are forward-looking statements
within the meaning of Section 27A of the Securities Exchange Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements include those statements preceded by, followed by or that
otherwise include the words believes, will, expects, anticipates, should,
or similar words. Future results and developments discussed in these statements may
be affected by numerous factors and risks, such as the accuracy of the assumptions
that underlie the statements, the satisfaction of closing conditions, the market
value of Tronoxs products, demand for consumer products for which Tronoxs
businesses supply raw materials, the market for debt and/or equity financing,
changes in laws and regulations, the ability to respond to challenges in
international markets, changes in currency exchange rates, political or economic
conditions in areas where Tronox operates, trade and regulatory matters, general
economic conditions, and other factors and risks identified in the Risk Factors
Section of Tronoxs Annual Report on Form 10-K for the year ended December 31, 2007,
and subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and
Exchange Commission (the SEC), and other SEC filings. Actual results and
developments may differ materially from those expressed or implied in this news
release. Tronox does not undertake to update forward-looking statements. Investors
are urged to consider closely the disclosures and risk factors in Tronoxs Annual
Report on Form 10-K for the year ended December 31, 2007, available on Tronoxs
website, www.tronox.com.
# # #
Media Contact: Robert Gibney
Direct: 405-775-5105
E-mail: robert.gibney@tronox.com
Direct: 405-775-5105
E-mail: robert.gibney@tronox.com