HAMILTON – Tronox Incorporated announced that the United States Bankruptcy Court for the Southern District of New York has confirmed its reorganization plan to emerge from Chapter 11 bankruptcy.
The company is the world’s third-largest producer and marketer of titanium dioxide pigment. The plan calls for Tronox, among other items, to reorganize around its existing operating businesses, including its facility in Hamilton in North Mississippi.
Tronox commenced its Chapter 11 cases Jan. 12, 2009. The plan will become effective after the Court enters a written order reflecting this ruling and other Plan conditions have been satisfied.
Tronox said it expects to emerge from Chapter 11 in the upcoming weeks, as soon as the plan conditions are satisfied.