IHS Chemical Week

Rockwood to complete titanium dioxide divestment by year end

12:02 PM MDT | May 2, 2013

Rockwood Holdings says it plans to exit its titanium dioxide (TiO2) business in 2013, and would not delay a sale because of weak TiO2 market conditions. “If we do not get the valuation that we want, we will spin it off to shareholders,” chairman and CEO Seifi Ghasemi said in response to a question during the company's investor call earlier this week about whether the sale could be delayed. “In terms of the valuation, anybody who's looking at buying that business cannot possibly be looking at the performance quarter by quarter, because you have to look at it...

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