KRONOS WORLDWIDE Business Summary

Kronos Worldwide Inc. (KRO) operates as a leading global producer and marketer of value-added titanium dioxide (TiO2) pigments, a critical industrial chemical used to provide whiteness, brightness, and opacity in a vast array of products. The company’s revenue model is primarily transaction-based, centered on the high-volume manufacturing and international sale of TiO2 to three core end-use markets: coatings (automotive, aerospace, and architectural), plastics (packaging and consumer goods), and paper. While its primary business segment is Titanium Dioxide Pigments, Kronos also generates secondary revenue through its Ecochem division, which processes iron-based specialty chemicals for wastewater treatment and agricultural applications. As one of the top five global TiO2 producers, Kronos maintains a significant market presence alongside major direct competitors such as The Chemours Company, Tronox Holdings plc, Venator Materials PLC, and the Longbai Group, positioning itself as a pure-play industrial materials specialist with a heavy operational footprint in Europe and North America. The company is currently led by Chief Executive Officer James M. Buch, who assumed the role in 2021 following a tenure as Chief Operating Officer, and President and COO Brian W. Christian, an executive with deep strategic roots in the organization since 2006. The leadership team was further strengthened in August 2025 with the appointment of Bradley E. Troutman as Senior Vice President and Chief Financial Officer, bringing extensive financial pedigree from roles at Pegasus Logistics Group and Atlantic Aviation. Other key figures include Rainer F. Gruber, Executive Vice President and Chief Manufacturing & Technology Officer, and Loretta J. Feehan, who serves as the Non-Executive Chair of the Board. Kronos is a majority-owned subsidiary of Valhi, Inc., which is ultimately controlled by the Contran Corporation and the Harold Simmons family trusts, reflecting a stable, long-term ownership structure that has guided the company since its modern formation and subsequent spin-off from NL Industries.