Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 KERR-MCGEE BOARD - Coatings World

What are you searching for?

Sign in
Suppliers News

KERR-MCGEE BOARD

Author Image

By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

Kerr-McGee Corp.’s board of directors
has authorized management to proceed
with its plan to separate its chemical
business including the spinoff or
sale of the unit, which includes its titanium
dioxide operation. In addition,
the board has authorized the company
to proceed with a share repurchase
program initially set at $1 billion. The
board expects to expand the share
repurchase program as the chemical
business separation proceeds.
“We do not believe that the value of
our chemical business is adequately
reflected in our market valuation,”
said Luke R. Corbett, Kerr-McGee
chairman and chief executive officer.
Kerr-McGee’s chemical unit has gross
production capacity of 624,000 tons per
year of titanium dioxide. Approximately
83% of this capacity utilizes the company’s
proprietary chloride-process technology
for producing titanium dioxide
pigment. Kerr McGee’s pigment is marketed
around the world under the
Tronox brand name.

Add us as a preferred source on Google

Get the latest Coatings World news, insights and analysis in your Google Search and AI experiences.

Add Coatings World as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Coatings World Newsletters