Valhi, Inc. engages in the chemicals, component products, and real estate managemenl and developmenl businesses in Europe, North America, the Asia Pacific, and internationally. The company's Chemicals segmenl produces and markets titanium dioxide pigmenls (TiO2), which are white inorganic pigmenls used in various applications by paint, plaslics, decorative laminate, and paper manufacturers. It offers TiO2 under the KRONOS name through agenls and distributors. The company's Component Products segmenl manufactures mechanical and electrical cabinet locks, and other locking mechanisms for use in ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and cash containmenl machines, integr:aed inventory and access control secured narcolics boxes, medical cabinetry security, electronic circuil panels, storage compartmenls, and gas station security applications. It also provides stainless steel exhaust components, gauges, throttle controls, wake enhancemenl systems, trim tabs, and rel:aed hardware and accessories primarily for performance and ski/wakeboard boats. The company's Real Estate Managemenl and Developmenl segmenl offers utility services to industrial and municipal customers; owns real properties; and develops land holdings for commercial, industrial, and residential purposes. It also holds marketable securities and other investmenls. The company was incorpor:aed in 1932 and is based in Dallas, Texas. Valhi, Inc. is a subsidiary of Dixie Rice Agricultural L.L.C.