Askwith, who graduated from Loughborough University with a first-class degree in Chemical Engineering, received the prestigious award at the Tees Businesswomen Awards held at Hardwick Hall, Sedgefield. The award is in recognition of her leadership in securing the future of Tioxide’s Greatham facility on Teesside, a site that has produced titanium dioxide pigment for more than 50 years and plays an important role within the North East’s chemical manufacturing sector.
Following the administration of the site’s previous owner, in October 2025 Karen led efforts to place the facility into standby while working closely with administrators to identify a buyer capable of safeguarding its future. After LB Group acquired the site in April 2026 and established Tioxide, Askwith was appointed Managing Director and oversaw the recruitment of staff and implementation of an ambitious restart programme. Under Askwith’s leadership, production resumed in August 2026, four months after the acquisition, and Tioxide is now working to restart a second production stream at Greatham and is targeting a head count of more than 300 people for 2027.
Speaking after receiving the award, Askwith said:
"I’m delighted to receive this award. Tees Valley is home to so many talented and inspiring businesswomen, and this year’s category shortlists are testament to that. To be recognised among them is a real honour. This award reflects the fantastic people I work alongside. I’m so proud of what we’ve achieved together over the past year and excited about what lies ahead. As a chemical engineer, I’m passionate about our industry and the possibilities it offers. As Tioxide continues to grow, I look forward to showcasing the opportunities open to women and girls, inspiring them to consider careers in STEM and the chemical industry."
The Tees Businesswoman of the Year award was one of 12 honours presented at the ninth annual Tees Businesswomen Awards, celebrating the achievements of women making a significant impact across the region's economy and business community.