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OKLAHOMA CITY, May 14 /PRNewswire-FirstCall/ -- The Tronox Incorporated (NYSE: TRX; TRX.B) board of directors announced today that the company is suspending its quarterly dividend effective immediately as part of its ongoing efforts to improve financial flexibility during this unprecedented titanium dioxide industry trough. The board will reevaluate the decision to suspend the dividend when market conditions improve.
Headquartered in Oklahoma City, Tronox is the world's third-largest producer and marketer of titanium dioxide pigment, with an annual production capacity of 642,000 tonnes. Titanium dioxide is an inorganic white pigment used in paint, coatings, plastics, paper and many other everyday products. The company's five pigment plants, which are located in the United States, Australia, Germany and the Netherlands, supply high-performance products to approximately 1,100 customers in 100 countries. In addition, Tronox produces electrolytic products, including sodium chlorate, electrolytic manganese dioxide, boron trichloride, elemental boron and lithium manganese oxide. For information on Tronox, visit http://www.tronox.com/.
Media contact: Debbie Schramm
Direct: 405-775-5177
Cell: 405-830-6937
Investor contact: Robert Gibney
Direct: 405-775-5105
http://www.newscom.com/cgi-bin/prnh/20051118/TRONOXLOGO-a
http://www.newscom.com/cgi-bin/prnh/20051118/TRONOX-b
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DATASOURCE: Tronox Incorporated
CONTACT: Media, Debbie Schramm, +1-405-775-5177, or +1-405-830-6937,
, or investors, Robert Gibney, +1-405-775-5105,
, both of Tronox Incorporated
Web site: http://www.tronox.com/