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United States

Profile: Valhi Inc (VHI.N)

VHI.N on New York Stock Exchange

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22 Jul 2016
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Valhi, Inc., incorporated on June 1, 1971, is a holding company. The Company operates through four segments: Chemicals, Component Products, Waste Management, and Real Estate Management and Development. The Company operates through its subsidiaries, including NL Industries, Inc., Kronos Worldwide, Inc. (Kronos), CompX International Inc. (CompX) and Waste Control Specialists LLC (WCS).

Chemicals

The Company's Chemicals segment operates through Kronos. Kronos is a producer and marketer of titanium dioxide pigments (TiO2). TiO2 is used to impart whiteness, brightness and opacity to a range of products, including paints, plastics, paper, fibers and ceramics. Additionally, TiO2 is a component of everyday applications, such as coatings, plastics and paper, as well as many specialty products, such as inks, foods and cosmetics. It offers its customers a portfolio of products that include over 40 different TiO2 pigment grades under the Kronos brand. Its customers include domestic and international paint, plastics, decorative laminate and paper manufacturers. It ships TiO2 to its customers in either a powder or slurry through rail, truck or ocean carrier. The Company and its agents and distributors sell and provide technical services for its products in approximately three end use markets, which include coatings, plastics and paper.

The Company's TiO2 are used in industrial coatings, as well as coatings for home commercial and residential interiors and exteriors, automobiles, aircraft, machines, appliances, traffic paint and other special purpose coatings. TiO2 is used in items, such as containers and packaging materials, and vinyl products, such as windows, door profiles and siding. TiO2 is also used for housewares, appliances, toys, computer cases and food packages. TiO2 is used in some engineering plastics. TiO2 is also used in masterbatch, which is a concentrate of TiO2 and other additives and uses TiO2 in the plastics end-use market. In masterbatch, the TiO2 is used by manufacturers of plastic containers, bottles, packaging and agricultural films.

The Company's TiO2 is used in the production of several types of paper, including laminate (decorative) paper, filled paper and coated paper to provide whiteness, brightness, opacity and color stability. Its primary focus is on the TiO2 grades used in paper laminates. Paper laminates are used to replace materials, such as wood and tile for such applications as counter tops, furniture and wallboard. Its TiO2 is also used in textile applications. In man-made fibers, TiO2 is used in rayon and polyester. TiO2 is used in a range of cosmetic and personal care products, such as skin cream, lipstick, eye shadow and toothpaste. Its TiO2 is also found in food products, such as candy and confectionaries, and in pet foods. In pharmaceuticals, its TiO2 is used commonly as a colorant in pill and capsule coatings, as well as in liquid medicines. It produces TiO2 in approximately two crystalline forms, which include rutile and anatase. Rutile TiO2 is manufactured using both a chloride production process and a sulfate production process, whereas anatase TiO2 is produced using a sulfate production process.

Component Products

The Company's Component Products segment operates through CompX. CompX is a manufacturer of security products used in the recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare and a range of other industries. CompX is also a manufacturer of stainless steel exhaust systems, gauges, throttle controls and trim tabs for the recreational marine industry.

CompX's security products unit manufactures mechanical and electrical cabinet locks and other locking mechanisms used in a range of applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and gaming machines, high security medical cabinetry, electronic circuit panels, storage compartments and gas station security. CompX's security products unit operates manufacturing facilities in Mauldin, South Carolina and in Grayslake, Illinois shared with its marine components unit. Its products include disc tumbler locks, pin tumbler locking mechanisms, and CompX eLock and StealthLock electronic locks.

CompX's marine components unit manufactures and distributes stainless steel exhaust components, gauges, throttle controls, trim tabs, hardware and accessories for performance and ski/wakeboard boats. CompX's marine components unit has a facility in Neenah, Wisconsin and a facility in Grayslake, Illinois shared with its security products unit. Its products include original equipment and aftermarket stainless steel exhaust headers, exhaust pipes, mufflers and other exhaust components; gauges, such as global positioning system (GPS) speedometers and tachometers; mechanical and electronic controls and throttles; steering wheels and other billet aluminum accessories, and dash panels, light-emitting diode (LED) lighting, wire harnesses and other accessories.

Waste Management

The Company's Waste Management segment operates through WCS. WCS operates a West Texas facility for the processing, treatment, storage and disposal of a range of low-level radioactive, hazardous, toxic and other wastes. Its customers include industrial companies, including nuclear utilities, chemical, aerospace and electronics businesses and governmental agencies.

Real Estate Management and Development

The Company's Real Estate Management and Development segment operates through Basic Management, Inc. (BMI) and The LandWell Company (LandWell). BMI provides utility services to certain industrial and municipal customers, and owns real property in Henderson, Nevada. LandWell is engaged in developing certain land holdings for commercial, industrial and residential purposes in Henderson, Nevada.

The Company competes with The Chemours Company, National Titanium Dioxide Company Ltd., Huntsman Corporation, Tronox Incorporated, EnergySolutions, Inc., US Ecology Inc. and Perma-Fix Environmental Services, Inc.

Company Address

Valhi Inc

5430 Lyndon B Johnson Fwy Ste 17
DALLAS   TX   75240-2620
P: +1972.2331700
F: +1972.4481445

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