Tronox
Encyclopedia
Oklahoma city
Oklahoma City is the capital and largest city of the U.S. state of Oklahoma.Oklahoma City may also refer to:*Oklahoma City metropolitan area*Downtown Oklahoma City*Uptown Oklahoma City*Oklahoma City bombing*Oklahoma City National Memorial...
based chemical company involved in the manufacture of titanium dioxide
Titanium dioxide
Titanium dioxide, also known as titanium oxide or titania, is the naturally occurring oxide of titanium, chemical formula . When used as a pigment, it is called titanium white, Pigment White 6, or CI 77891. Generally it comes in two different forms, rutile and anatase. It has a wide range of...
(Ti
Titanium
Titanium is a chemical element with the symbol Ti and atomic number 22. It has a low density and is a strong, lustrous, corrosion-resistant transition metal with a silver color....
O
Oxygen
Oxygen is the element with atomic number 8 and represented by the symbol O. Its name derives from the Greek roots ὀξύς and -γενής , because at the time of naming, it was mistakenly thought that all acids required oxygen in their composition...
2) pigment
Pigment
A pigment is a material that changes the color of reflected or transmitted light as the result of wavelength-selective absorption. This physical process differs from fluorescence, phosphorescence, and other forms of luminescence, in which a material emits light.Many materials selectively absorb...
.
It was formerly the Kerr-McGee Chemical Corporation. .
History
The company went public in 2005, when Oklahoma CityOklahoma city
Oklahoma City is the capital and largest city of the U.S. state of Oklahoma.Oklahoma City may also refer to:*Oklahoma City metropolitan area*Downtown Oklahoma City*Uptown Oklahoma City*Oklahoma City bombing*Oklahoma City National Memorial...
-based Kerr-McGee
Kerr-McGee
The Kerr-McGee Corporation, founded in 1929, was an energy company involved in the exploration and production of oil and gas. On June 23, 2006, Houston-based Anadarko Petroleum Corporation agreed to acquire Kerr-McGee in an all-cash transaction totaling $16.5 billion plus the assumption of $2.6...
, which had previously owned the company entirely, issued shares via an IPO on November 21, 2005. It became an independent company in March 2006.
The current interim CEO is Dennis L. Wanlass.
In the first quarter of 2006, Tronox replaced Meade Instruments on the S&P SmallCap 600 index, when Kerr-McGee distributed the rest of its stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
in Tronox under its former NYSE symbol TRX.B, a class B security
Security (finance)
A security is generally a fungible, negotiable financial instrument representing financial value. Securities are broadly categorized into:* debt securities ,* equity securities, e.g., common stocks; and,...
. TRX.B started regular-way trading on March 31, 2006.
In 2008, the company's stock price declined significantly, and both classes of stock became penny stock
Penny stock
In the United States, penny stocks are common shares of small public companies that trade at less than $1.00. In some countries, similar shares of stock are known as cent stocks.-Concerns for investors:...
s.
In September 2008, the company's stock moved from the NYSE to OTC.
On 14 January 2009, Tronox filed Chapter 11 bankruptcy. It specified that this action did not include the company's non-USA operations.
In 2009, shareholders of Tronox sued Anadarko (successor to Kerr-McGee
Kerr-McGee
The Kerr-McGee Corporation, founded in 1929, was an energy company involved in the exploration and production of oil and gas. On June 23, 2006, Houston-based Anadarko Petroleum Corporation agreed to acquire Kerr-McGee in an all-cash transaction totaling $16.5 billion plus the assumption of $2.6...
) for having misled investors about the large environmental and other debts Tronox would inherit from its parent corporation.
In 2009, the Huntsman Corporation announced it would buy a number of Tronox's assets, such as its factories. In late 2009, Tronox cancelled this deal.
Locations
The company has manufacturing locations around the world.USA
Tronox has operations in Savannah
Savannah, Georgia
Savannah is the largest city and the county seat of Chatham County, in the U.S. state of Georgia. Established in 1733, the city of Savannah was the colonial capital of the Province of Georgia and later the first state capital of Georgia. Today Savannah is an industrial center and an important...
, Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...
; Henderson
Henderson, Nevada
-Demographics:According to the 2000 census, there were 175,381 people, 66,331 households, and 47,095 families residing in the city. The population density was 2,200.8 people per square mile . There were 71,149 housing units at an average density of 892.8 per square mile...
, Nevada
Nevada
Nevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...
; and Hamilton
Hamilton, Mississippi
Hamilton is an unincorporated community in Monroe County, Mississippi, United States. It was the original county seat until was split with the formation of Lowndes County to the south; the county seat of Monroe County was then moved north to Aberdeen.**...
, Mississippi
Mississippi
Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...
.
The corporate centre for Tronox is in downtown
Downtown Oklahoma City
Downtown Oklahoma City is located at the geographic center of the Oklahoma City metropolitan area and is the principal business district of the city. With 115 city blocks and around of office space, downtown Oklahoma City also is the economic, financial, and entertainment center of the city...
Oklahoma City
Oklahoma city
Oklahoma City is the capital and largest city of the U.S. state of Oklahoma.Oklahoma City may also refer to:*Oklahoma City metropolitan area*Downtown Oklahoma City*Uptown Oklahoma City*Oklahoma City bombing*Oklahoma City National Memorial...
, Oklahoma
Oklahoma
Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...
, currently at Oklahoma Tower
Oklahoma Tower
Oklahoma Tower is a prominent skyscraper in downtown Oklahoma City's central business district. It is 434 ft tall and has 31 floors. It was built in 1982.The tower is the fourth tallest building in Oklahoma City and 8th tallest in Oklahoma....
.
Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
Operations are based in Krefeld-Uerdingen
Krefeld
Krefeld , also known as Crefeld until 1929, is a city in North Rhine-Westphalia, Germany. It is located northwest of Düsseldorf, its centre lying just a few kilometres to the west of the River Rhine; the borough of Uerdingen is situated directly on the Rhine...
, Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
, and Botlek
Botlek
thumb|right|[[Satellite]] [[image]] of the [[Rhine]]-[[Meuse River|Meuse]] [[river delta|delta]] showing the Botlek .The Botlek originally was the name of a stretch of the Nieuwe Maas river, part of the Rhine-Meuse delta near the Dutch cities of Vlaardingen and Spijkenisse in the province of...
, Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
.
Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
Operations in Kwinana, Western Australia
Kwinana, Western Australia
The Town of Kwinana is a Local Government Area of Western Australia. It covers an area of approximately 118 square kilometres in metropolitan Perth, and lies about 38 km south of Perth's central business district, via the Kwinana Freeway...
Inheritances from Kerr-McGee
Among other things, Tronox inherited several radioactive wasteRadioactive waste
Radioactive wastes are wastes that contain radioactive material. Radioactive wastes are usually by-products of nuclear power generation and other applications of nuclear fission or nuclear technology, such as research and medicine...
sites from its parent corporation, Kerr-McGee. These include the Cimarron Fuel Fabrication Site
Cimarron Fuel Fabrication Site
The Cimarron Fuel Fabrication Site was a nuclear fuel production facility located by the Cimarron River near Crescent, Oklahoma. It was operated by Kerr-McGee Corporation from 1965-1975.- History :...
and the Rare Earths Facility
Rare Earths Facility
The Rare Earths Facility was a production plant for various chemicals and metals including thorium, uranium, and radium. It was located in West Chicago, Illinois, USA.-History:...
. They are, as of 2009, still undergoing cleanup.
It also inherited the Henderson, Nevada "BMI" site. This site had supplied Magnesium and other chemicals beginning around World War II. It eventually leaked perchlorate
Perchlorate
Perchlorates are the salts derived from perchloric acid . They occur both naturally and through manufacturing. They have been used as a medicine for more than 50 years to treat thyroid gland disorders. They are used extensively within the pyrotechnics industry, and ammonium perchlorate is also a...
(used in rocket fuel) into the water table, which subsequently contaminated Lake Mead
Lake Mead
Lake Mead is the largest reservoir in the United States. It is located on the Colorado River about southeast of Las Vegas, Nevada, in the states of Nevada and Arizona. Formed by water impounded by the Hoover Dam, it extends behind the dam, holding approximately of water.-History:The lake was...
and the Colorado River
Colorado River
The Colorado River , is a river in the Southwestern United States and northwestern Mexico, approximately long, draining a part of the arid regions on the western slope of the Rocky Mountains. The watershed of the Colorado River covers in parts of seven U.S. states and two Mexican states...
, which supply water to millions of people.