TOR MINERALS INTERNATIONAL INC

TOR MINERALS INTERNATIONAL INC

Previous company name
HITOX CORPORATION OF AMERICA
Name change date
7/3/1992
Company Overview
TOR Minerals International, Inc. is an international specialty chemical company involved in the manufacture and distribution of mineral products use as pigments, pigment extenders, and flame retardants for the manufacture of paints, industrial coatings, plastics, catalysts, and solid surface applications. The company was founded by Benilite Corporation of America in 1973. Its corporate headquarters is based in Corpus Christi, Texas.
TOR Minerals International’s products include HITOXr, a light buff-colored titanium dioxide pigment, used primarily in paints, coatings, plastics, papers, and other products; BARTEXr, an inert extender pigment, used in coatings; ALUPREMr, used for color critical applications as fillers and flame retardants; and HALTEXr, used in technical applications, including electrical wire and cable insulation, as well as adhesives and sealants.
TOR Minerals International has production facilities present in North America (Texas), Europe (The Netherlands), and Asia (Malaysia). The company markets its products through direct sales representatives, and independent distributors and agents internationally, including in the United States and in more than 60 other countries. Its customers include paint, coatings, solid surface and polyvinyl chloride (PVC) pipe industries. In addition, the company is competing with Tronox Incorporated, the third largest global titanium dioxide producer; Kronos Worldwide, Inc (KRO), which has positioned among the top producers of titanium dioxide with six manufacturing plants in North America and Europe; and DuPont Coatings & Color Technologies, the world’s largest supplier of automotive coatings with prominent contracts in every US automaker.
Furthermore, TOR Minerals seeks to maintain a leading position as a worldwide producer of specialty mineral products through the continual development of high value, cost-effective product solutions designed to satisfy customer specific requirements.
Business Summary
TOR Minerals International, Inc. (TOR) is a global specialty chemical company engaged in the business of manufacturing and marketing mineral products for use as pigments, pigment extenders and flame retardants used in the manufacture of paints, industrial coatings, plastics, catalysts and solid surface applications. The Company’s United States manufacturing plant, located in Corpus Christi, Texas, is situated on the north side of the Corpus Christi Ship Channel and has its own dock frontage at the plant. It also utilizes the Bulk Terminal, operated by the Port of Corpus Christi Authority, to discharge bulk shipments of SR and Barite from cargo vessels directly into trucks for delivery to its plant. HITOX, BARTEX, HALTEX, OPTILOAD and TIOPREM are all produced at this location. Its Asian Operation includes TOR Minerals Malaysia, Sdn. Bhd. (TMM). The site also has its own processing lines to manufacture HITOX and TIOPREM. Its European Operations is TOR Processing and Trade, B.V. (TPT).
Description and history
TOR Minerals International, Inc. (TOR) is a global specialty chemical company engaged in the business of manufacturing and marketing mineral products for use as pigments, pigment extenders and flame retardants used in the manufacture of paints, industrial coatings, plastics, catalysts and solid surface applications. The Company’s United States manufacturing plant, located in Corpus Christi, Texas, is situated on the north side of the Corpus Christi Ship Channel and has its own dock frontage at the plant. It also utilizes the Bulk Terminal, operated by the Port of Corpus Christi Authority, to discharge bulk shipments of SR and Barite from cargo vessels directly into trucks for delivery to its plant. HITOX, BARTEX, HALTEX, OPTILOAD and TIOPREM are all produced at this location. Its Asian Operation, TOR Minerals Malaysia, Sdn. Bhd. (TMM) is located in Ipoh, Perak, Malaysia, close to the port of Lumut. TMM is a processor of local ilmenite, upgrading it to SR. The site also has its own processing lines to manufacture HITOX and TIOPREM. Its European Operations is TOR Processing and Trade, B.V. (TPT). TPT, located in Hattem, Netherlands, specializes in the manufacturing of premium alumina products (ALUPREM) for use worldwide.

HITOX

The Company’s principal product, HITOX, a light buff-colored titanium dioxide pigment, is made from SR. HITOX pigments are used by major international paint and plastics manufacturers. Uses include architectural paints, primers, metal finishes and coatings, caulks and sealants, floor tiles and plastic profiles, sheets and film.

ALUPREM

ALUPREM is manufactured at its European operation, TPT, in the Netherlands. ALUPREM products are used for color critical applications as fillers and flame retardants, such as Solid Surface/Onyx and performance driven uses, such as specialty wire and cable insulation, catalysts, polishing, pigments and specialty papers.

BARTEX

BARTEX is manufactured at its United States operation from high grade barites (barium sulfate) utilizing a milling process. BARTEX is manufactured in several different grades which are differentiated by average particle size and whiteness.

HALTEX / OPTILOAD

HALTEX, manufactured at its United States operation, is produced from Bayer grade alumina trihydrate (ATH) using some of the same production technologies as its other products. It is a flame retardant, smoke suppressant filler used in plastic and rubber products.

TIOPREM

TIOPREM, manufactured at its United States and Malaysian operations, is produced from a process based on modified SR feedstock made at TOR Minerals’ Malaysian plant. End use applications include engineered plastics, laminates, window profiles, plastic lumber, roofing granules and ceramic coatings.

SYNTHETIC RUTILE

SR, the basic building block for HITOX and TIOPREM, is manufactured at its Asian operation using the Benilite process for producing SR. SR is also used as feed stock for white Titanium dioxide (TiO2) and as a component in welding rod flux.

The Company competes with E.I. DuPont de Nemours & Co., Inc., Millennium Chemicals, Kronos Inc. and J.M. Huber.

Founded by Benilite Corporation of America

Business Line
Manufacture and distribution of mineral products
Subsidiary
TOR MINERALS (M) SDN BHD
Advisor
UHY LLP
IPO date
12/1988
US SIC Code
2816
Company Address
722, Burleson Street

City province or state postal code
78402, CORPUS CHRISTI, TX
Phone: +1 361 882 5175
Fax: +1 361 882 6948
Country address: UNITED STATES OF AMERICA
Website url: www.torminerals.com