17 December 2009 12:30 [Source: ICIS news]
Three plants in Spain, France and Italy could be candidates for closure, Adams said, particularly if Huntsman emerges as the winner for Tronox’s TiO2 plants, which are due to go up for auction on 21 December. “The move will affect the shape of the global industry in the future,”
Huntsman has put in a stalking-horse bid for three plants, namely
A stalking-horse bid sets a price floor for the subsequent auction. Huntsman could acquire the plants if no one makes a higher bid and if its offer is approved by the court.
Plants have already closed in the
He estimated that global demand growth will average 2.7%/year in the 10 years to 2019. “There is a lot of potential in
Current production capacity in
Several expansions are planned in
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