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Tronox Files for Chapter 11 Bankruptcy Protection
11:08 AM MST | January 16, 2009 | NATASHA ALPEROWICZ
Tronox says it has filed for Chapter 11 bankruptcy protection for its U.S. operations, citing a need for relief from legacy environmental liabilities. Most of the liabilities are not related to its titanium dioxide (TiO2) operations and were incurred prior to its spin-off from Kerr-McGee in 2006, Tronox says. The filing does not include Tronox’s TiO2 operations outside the U.S. The non-U.S. operations are in Australia, Germany, and the Netherlands. “After careful evaluation of all strategic alternatives, we have concluded that a Chapter 11 filing is...
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