Rockwood and Kemira Mull Divestment of TiO2 JV

Rockwood Holdings and Kemira have hired Lazard to advise on options, including a potential sale or listing, for the companies’ Sachtleben (Duisburg, Germany) titanium dioxide (TiO2) joint venture. Kemira confirmed a German press report last week that the partners are exploring strategic options for Sachtleben. Further details were not disclosed. Sachtleben has been a part of the Rockwood group since 2004 and it became a 61-39 jv between Rockwood and Kemira in 2008. The company says it has a combined 230,000 m.t./year of TiO2 capacity and 100,000 m.t./year...

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