Tronox Holdings plc 2024年度报告

T R O N O X H O L D I N G S P L C 2 0 2 4 A N N U A L R E P O R T What we do is essential to a sustainable, thriving world. We arebuilding on the strength of our foundation to realize our fullpotential and create a more promising future. We are proud to come to work every day knowing that ourproducts make a difference in this world, that our people andWKHLUIDPLOLHVEHQH¿WIURPRXUH[LVWHQFHDQGRXUFRPPXQLWLHVare better off because we’re there. Our Vision Our Purpose We responsibly transform the earth’s resourcesinto products and opportunities that enhance lives Be the leader in shaping a sustainable, thrivingZRUOGWKURXJKHQULFKHGDQGUH¿QHGPLQHUDOV Our strategy centers on four pillars: Be the best at what we do. Foster a high-performance culture in which we strive for zero harm and operationalexcellence, harness technology, and encourage innovation to create value. Grow our future. Build on our current offering by strategically aligning with markets and customersoutpacing broader economic trends. Leverage what makes us unique. Empower our people, capitalize on our vertical integration, maximize value from ourentire product range, and use our global footprint for competitive advantage. Be the benchmark for sustainability. Demonstrate excellence in our contribution to human, social, economic andenvironmental improvements for future generations. Dear Shareholders: At Tronox, we responsibly transform the earth’s resources into products andopportunities that enhance lives. This is our purpose, which we developed as anorganization in 2024, and it serves as our guiding principal. But it’s more than astatement for us, it’s a reminder of the privilege of knowing that what we do everyday matters and can positively impact people everywhere, including our employees,contractors, neighbors, customers and business partners around the world. In support of our purpose, and in response to the manychallenges facing our industry, we also revised andlaunched our business strategy to all of our employees.Built on a strong foundation, we believe this strategywill empower us to realize our full potential and create amore promising future – together. Our strategy centerson four pillars: Grow our future We will build on our current offering by strategicallyaligning with markets and customers outpacingbroader economic trends. OurResearch & Developmentefforts remainfocused on product and process innovation toHQKDQFHSUR¿WDELOLW\DQGLPSURYHVXVWDLQDELOLW\2Qthe product side, we are proactively working withcustomers to develop and implement alternatives forTrimethylolpropane (TMP), a commonly used organicsurface treatment in TiO2which has recently beenself-regulated by its manufacturers. And we are proudto be further improving our offering by introducinga new, global product for plastics masterbatch,TiONA®233, after years of co-development andtesting with our customers. Be the best at what we do We foster a high-performance culture in which westrive for zero harm and operational excellence,harness technology and encourage innovation tocreate value. We delivered encouragingsafety performancein2024, with one of our best Total Recordable InjuryRates in decades. However, our Disabling InjuryFrequency Rate was higher than expected and ahumbling reminder that our journey to zero harm isa relentless goal that requires an uncompromisingfocus. Our leading indicators program continues tohelp us identify and reduce operational risk while atthe same time fosters learning and the implementationof best practices. We are also continuing to evaluatestrategic, highgrowth opportunitiesas they arise, including Indiaas a growth market as well as focusing on the rareearths space where we are looking to broaden ourmonazite and rare earth minerals concentrate tailingsfor further downstream processing. Ourbusiness transformation programprogressedwith the challenging yet successful implementationof operational excellence, global business processesand digital architecture across all of our Australianoperations. The program turns its focus to implemen-tation at our U.S. sites for 2025, with remaining sitesslated for subsequent years. It has taken immensecollaboration and teamwork to accomplish this work,and we look forward to realizing the long-term impactsRQRXUHI¿FLHQF\FRVWFRPSHWLWLYHQHVVDQGJURZWKof our people as a result of this multi-year journey. Leverage whatmakes us unique We empower our people, capitalize on ourvertical integration, maximize value from ourentire product range, and use our global footprintfor competitive advantage. Ourvertically integrated business modelservesas a differentiator for Tronox by providing a securesupply of low-cost feedstock to our pigment plantsZRUOGZLGHEHQH¿WLQJRXUFXVWRPHUVDQGFUHDWLQJhigh-margin revenue streams through the sale ofmining co-products like zircon. We are drivinginnovationin all parts of our business.Creating a high performance culture in which it’s safeto q