Kronos Worldwide, Inc. (Kronos) is a producer and marketer of titanium dioxide pigments (TiO2). The Company, along with its distributors and agents, sells and provides technical services for its products to over 4,000 customers in approximately 100 countries, with the majority of sales in Europe and North America. TiO2 is a white inorganic pigment used in a range of products, such as coatings, plastics and paper, as well as specialty products, such as inks, food and cosmetics. Kronos offers its customers a portfolio of products that include over 40 TiO2 pigment grades under the Kronos trademark. Its customers include domestic and international paint, plastics and paper manufacturers. The Company ships TiO2 to its customers in either a powder or slurry form via rail, truck or ocean carrier. During the year ended December 31, 2012, sales of its TiO2 pigments represented approximately 90% of the Company’s net sales.
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