Industry News, Mergers and Acquisitions, Suppliers News

Eramet Selling TiZir’s Norwegian Plant to Tronox for $300 Million

TTI’s sales reached €154 million and EBITDA amounted to €38 million in 2019.

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By: Anthony Locicero

Copy editor, New York Post

Eramet announced the signature of a binding agreement for the sale of 100% of the shares of TTI (TiZir Titanium & Iron AS, “TTI”), TiZir’s Norwegian plant, to the Tronox Holdings plc.    TTI’s sales reached €154 million and EBITDA amounted to €38 million in 2019.   Mineral sands mining operations in Senegal (Grande Cote Operations) will remain controlled by the Group and will continue to supply ilmenite to TTI for the production of titanium slag and pig iron.  ...

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