Venator Business Overview and Cost Savings Initiatives slide image

Venator Business Overview and Cost Savings Initiatives

China TiO2 Overview Shakeout underway, producers under more pressure China Demand >30% of global demand in China (~2 MMt) Chinese demand growth at 5-8% over last 10 years Approximately 6% of Chinese demand supplied from imports Imports for more specialised and differentiated applications China Supply VENATOR Chinese Exports of TiO 2 Exports to Europe are limited Higher cost of Chinese production coupled with increased freight costs constrained exports Limited capacity additions forecasted in an industry which grows at GDP and required ~200ktpa of new capacity Chinese Export Trend (1) 1,500 (kte) >40% of global supply from China with approximately 50 suppliers 1,000 Top 7 producers account for >80% of supply Closure of smaller facilities - environmental and economics 500 90% of Chinese capacity is based on sulfate technology T 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Lack of proven chloride technology limiting rate of expansion Consolidation of supply base e.g. LB Group In Q3 22, c.44% of Chinese production is exported, with India being the largest export destination, followed by other emerging countries Company LB Group CHTI Pangang Doguide GPRO Bluestar 28 (1) Global Trade Tracker and BiQin Europe APAC Americas ■EEMEA Estimated Nameplate Capacity (kMTpa) 972 330 236 210 205 187
View entire presentation