On March 17,the titanium dioxide of Tronox brand announced that the 90000-ton/year titanium dioxide plant would be shutted down in Boterec, the Netherlands, which affects roughly 240 employees.
Turno said the plant has been temporarily gone out of business since power outage at its chlorine supplier began on March 6, 2025,and the production were suspended.It is not anticipated to resume production.
Romano said that the global competition in the titanium dioxide market has intensified and the supply-demand relationship also has remained imbalanced over the past two years. Hereto, the corporation has implemented in-depth strategic adjustment. Idle Botleck factory in the Netherlands will tend to optimize spare capacity and decrease overall manufacturing costs.
In terms of finance, Turno anticipates the restructuring and related outlay in the next 18 months to be approximately $130 million to $160 million, which includs a $55 million-$65 million write-down of non-cash assets. From 2026 onwards, the company expects to save more than $30 million per year in operating costs.
Turno is one of the lead producers of titanium dioxide power,approximately 6500 employees worldwide. The revenue for 2024 was $3.074 billion, a year-on-year growth of 8%, net loss of $54 million, balanced net loss of $12 million.