DKSH cooperates with TNG to exclusively market titanium dioxide
Swiss company DKSH and Australian stock listed resources company TNG have signed a term sheet encompassing the full distribution on a global and exclusive basis for TNG’s titanium dioxide (TiO2) production.
DKSH’s Business Unit Performance Materials, an ingredients and specialty chemicals distributor, will provide a full range of Market Expansion Services, including marketing and sales, distribution and logistics as well as technical support for TNG’s high purity TiO2 on a life-of-mine basis from its flagship Mount Peake Vanadium-Titanium-Iron Project, located in Australia’s Northern Territory.
Annual TiO2 capacity up to 150,000 tons
The two companies signed a term-sheet for a TiO2 capacity up to 150,000 tons per year. DKSH will distribute the TiO2 to the coatings industry globally, excluding the Iberian Peninsula and Nordic countries. DKSH and TNG have agreed to move towards a Binding Off-take Agreement reflecting the key points set forth in the term sheet.
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