NL Industries is structured around two principal subsidiaries: Kronos Worldwide, a global producer of titanium dioxide (TiO2) used as a pigment in coatings, plastics, and paper, and CompX, a supplier of security products and marine hardware components. The company's long-term success depends on demand for TiO2, trends in raw material costs, competitive market positioning, and its ability to operate its production facilities efficiently. Over the last several quarters, TiO2 demand has softened amid global un ...