15 February 2011 08:56 [Source: ICIS news]
"We have successfully restructured our balance sheet while maintaining our business relationships and significantly improving our operating performance," said Tronox CEO Dennis Wanlass in a statement.
Tronox filed for bankruptcy protection in January 2009.
“Having addressed its substantial legacy environmental and other liabilities through a comprehensive settlement, Tronox is now well-positioned to compete in the titanium dioxide and specialty chemical industries,” the statement said.
Tronox earlier in November last year said that it would pay $270m (€200m) to settle environmental claims against it that were incurred when it was spun off in 2006 by Kerr-McGee Corp.
($1 = €0.74)
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