March 19, 2019 / 11:29 AM / 6 months ago

INEOS buys US titanium dioxide business from Tronox for $700 mln

EDINBURGH, March 19 (Reuters) - British chemicals firm INEOS said on Tuesday it would buy Cristal's North American titanium dioxide business from Tronox for 700 million dollars.

"This is a great opportunity for INEOS to enter the pigments market and become the second largest producer of titanium dioxide in the key North American market," Jim Ratcliffe, INEOS chairman said in a statement.($1 = 0.7524 pounds) (Reporting by Elisabeth O'Leary; editing by Michael Holden)

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