Valhi, Inc. (NYSE: VHI) is primarily a holding company. We operate through
our wholly-owned and majority-owned subsidiaries, including NL Industries, Inc.,
Kronos Worldwide, Inc., CompX International Inc. and Waste Control Specialists
LLC (“WCS”). Kronos (NYSE: KRO), NL (NYSE: NL) and CompX (NYSE MKT:
CIX)
Chemicals
Kronos Worldwide, Inc.
Our chemicals segment is operated through our majority control of Kronos. Kronos
is a leading global producer and marketer of value-added titanium dioxide pigments
(“TiO2”). TiO2 is used to impart whiteness, brightness, opacity
and durability to a wide variety of products, including paints, plastics, paper,
fibers and ceramics. Additionally, TiO2 is a critical component of everyday
applications, such as coatings, plastics and paper, as well as many specialty
products such as inks, foods and cosmetics.
Component Products
CompX International Inc.
We operate in the component products industry through our majority control of
CompX. CompX is a leading manufacturer of security products used in the recreational
transportation, postal, office and institutional furniture, cabinetry, tool
storage, healthcare and a variety of other industries. CompX is also a leading
manufacturer of stainless steel exhaust systems, gauges, throttle controls and
trim tabs for the recreational marine industry.
Waste Management
Waste Control Specialists LLC
WCS is our subsidiary which operates a West Texas facility for the processing,
treatment, storage and disposal of a broad range of low-level radioactive, hazardous,
toxic and other wastes. WCS obtained a byproduct disposal license in 2008 and
began disposal operations at this facility in 2009. WCS received a LLRW disposal
license in 2009. The Compact LLRW disposal facility commenced operations in
2012, and the Federal LLRW commenced operations in 2013. We reached an agreement
for the sale of our Waste Management Segment in November 2015, which sale is
still pending at December 31, 2016 and which sale is subject to certain customary
closing conditions, including the receipt of antitrust approval.
Real Estate Management and Development
Basic Management, Inc. and The LandWell Company
We operate in real estate management and development through our majority control
of BMI and LandWell. BMI provides utility services to certain industrial and
municipal customers and owns real property in Henderson, Nevada. LandWell is
engaged in efforts to develop certain land holdings for commercial, industrial
and residential purposes in Henderson, Nevada. 20142015