UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of
1934
Date
of
Report (Date of the earliest event reported)
September
6, 2007
Valhi,
Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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1-5467
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87-0110150
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(State
or other jurisdiction of incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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5430
LBJ Freeway, Suite 1700, Dallas, Texas
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75240-2697
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
(972)
233-1700
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(Former
name or former address, if changed since last report.)
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Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
7.01
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Regulation
FD Disclosure.
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The
registrant hereby furnishes the information set forth in its press release
issued on September 6, 2007, a copy of which is attached hereto as Exhibit
99.1
and incorporated herein by reference.
The
information, including the exhibit, the registrant furnishes in this report
is
not deemed “filed” for purposes of section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that
section. Registration statements or other documents filed with the
U.S. Securities and Exchange Commission shall not incorporate this information
by reference, except as otherwise expressly stated in such filing.
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Item
9.01
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Financial
Statements and Exhibits.
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(d)
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Exhibits
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Item
No.
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Exhibit
Index
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99.1
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Press
release dated September 6, 2007 issued by the
registrant.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Valhi,
Inc.
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(Registrant)
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By: /s/
A. Andrew R. Louis
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Date: September
7, 2007
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A.
Andrew R. Louis, Secretary
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INDEX
TO EXHIBITS
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Item
No.
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Exhibit
Index
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99.1
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Press
release dated September 6, 2007 issued by the
registrant.
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Waste
Control Specialists LLC Announces Teaming Agreement
DALLAS,
TEXAS … September 6, 2007. Valhi, Inc’s wholly owned subsidiary, Waste Control
Specialists LLC (“WCS”) this week announced a teaming agreement with Studsvik,
Inc. for the treatment and storage of Class B & C Low-Level Radioactive
Waste. Rodney Baltzer, WCS President, said “With the closure of
Barnwell on July 1, 2008 fast approaching, we believe that the treatment by
Studsvik and the consolidated storage at WCS’ facility of Class B & C
Low-Level Radioactive Waste is a cost-effective and technically superior
alternative to having multiple storage sites around the
country. Studsvik is known for their process of removing organics and
creating a more stable waste form. The WCS facility in Texas is well
located to service power plants across the US and offers the perfect site for
the storage of this type of waste.”
Lewis
Johnson, President of Studsvik, Inc., said “This is an important option for the
nuclear community. It makes more sense to have one centrally located
facility to store a stable waste form than to have each power plant use its
own
space and resources to store much larger volumes of unprocessed
waste.” Johnson added, “Both companies are problem solvers and we are
very excited to be offering this much needed turnkey option to the nuclear
community.”
WCS
was
formed in 1995 and construction was completed in 1997 on the initial phase
of
the Company’s facility in West Texas. While the facility was initially permitted
for the processing, storage and disposal of certain hazardous and toxic wastes,
the design of the facility was developed to allow for the expansion into other
waste types. Subsequently, the permitting authorizations for the facility have
been expanded to include the processing, and storage of low-level and mixed
low-level radioactive wastes and the disposal of certain types of exempt
low-level radioactive wastes. The Company also has applications in process
that
would further expand the facility’s permits to allow for the disposal of
byproduct waste material and disposal of Texas Compact and Federal low-level
radioactive waste. Upon successful completion of the required hearing and
application processes, WCS currently anticipates these additional permits would
be issued by early 2009. Steven L. Watson, President and Chief Executive Officer
of Valhi, said "We are pleased that this business initiative that started in
1995 has continued to develop and expand its waste handling capabilities
consistent with its long term strategy to provide “one-stop shopping” for
hazardous, low-level and mixed low-level radioactive wastes. We believe these
achievements will provide a competitive advantage and the ability to offer
unique processing and disposal solutions and alternatives to numerous
environmental sites throughout the USA."
Facts
about Studsvik
Studsvik,
Inc. is part of the Studsvik group. Studsvik is a leading service supplier
to
the international nuclear industry. The company has a half century's experience
in nuclear technology and radiological services. Studsvik addresses a market
in
strong growth with specialized services in four Strategic Business Areas: Waste
Treatment, Decommissioning, Service and Maintenance and Operating Efficiency.
Studsvik has 1,300 employees in 7 countries and the company's shares are listed
on the Nordic Stock Exchange, MidCap.
Facts
about Waste Control Specialists LLC
The
WCS
facility in Andrews County, Texas is licensed for the processing, storage and
disposal of a broad range of hazardous, toxic and certain types of low-level
and
mixed low-level radioactive waste. WCS is a subsidiary of Valhi, Inc.
(NYSE: VHI).
Statements
in this release that are not historical in nature are forward-looking in nature
that represent the Company’s beliefs and assumptions based on currently
available information. In some cases, these forward-looking
statements can be identified by the use of words such as "believes," "intends,"
"may," "should," "could," "anticipates," "expected" or comparable
terminology. Although the Company believes the expectations reflected
in such forward-looking statements are reasonable, the Company does not know
if
these expectations will be correct. Forward-looking statements by
their nature involve substantial risks and uncertainties that could
significantly impact expected results. Actual future results could differ
materially from those predicted. Among the factors that could cause the
Company’s actual future results to differ materially from those described herein
are the risks and uncertainties described from time to time in the Company’s
filings with the Securities and Exchange Commission.
Valhi
is
engaged in the titanium dioxide pigments, component products (security products,
furniture components and performance marine components) and waste management
industries.