Kronos Worldwide, Inc. (Kronos) is a global producer and marketer of titanium dioxide pigments (TiO2), a base industrial product used in a range of applications. The Company, along with its distributors and agents, sell and provide technical services for its products. As of December 31, 2011, approximately 50% of the Company was owned by Valhi, Inc. and approximately 30% was owned by NL Industries, Inc. Valhi also owns approximately 83% of NL Industries. It offers its customers a range of products, which include over 40 different TiO2 pigment grades under the Kronos, which provide a range of performance properties to meet customers� specific requirements. 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 form through rail, truck or ocean carrier.