Revenue Increase
Tronox generated revenue of $804 million in Q3 2024, an increase of 21% compared to the prior year, primarily driven by higher TiO2, zircon, and other product sales volumes.
TiO2 and Zircon Volume Growth
TiO2 volumes increased 16% year-to-date, and zircon volumes increased 42% year-to-date from 2023 trough levels.
Successful Refinancing
Tronox refinanced its existing term loan, extending the debt maturity profile to 2029, with a weighted average interest rate of 5.97%.
Cost Efficiency Initiatives
Tronox is focusing on operational efficiency and reliability improvements to extract more value from existing assets without significant additional capital expenditures.