Indorama buys Venator site

Through its local subsidiary, Indorama Advanced Oxides (Spain), Indorama has acquired Venator Materials’ TiO2 manufacturing site in Huelva, Spain, which has a capacity of 80,000 tonnes/year. This marks the company’s entry into TiO2.Vice chairman Amit Lohia said that the plant “brings deep technical expertise, proven manufacturing capabilities and strong customer relationships”.

This follows the sale in November 2025 of Venator’s site at Greatham, UK, to LB Group a Chinese manufacturer of TiO2 pigments and titanium sponge, subject to regulatory approvals and customary closing conditions. This is one of three UK sites with an uncertain future in view of rising costs and fierce competition in the TiO2 market.

Venator had entered Chapter 11 bankruptcy in May and emerged from it in October after agreeing with most of its lenders and noteholders on a recapitalisation plan. It has also implemented a $50 million cost reduction programme, closed a $51 million sale-leaseback transaction for a site in its Color Pigments business and sold the iron oxide business for an enterprise value of $140 million.