Penrice Soda Holdings Limited (Penrice) expects to report a full year loss in a range of A$0.5-1.5m., ($0.5-1.5m.) for 2011, due to poor soda ash demand and foreign exchange rates, the Australian company said.
According to the company, two of its major soda ash customers have advised significantly reduced soda ash demand this quarter as a consequence of unscheduled plant maintenance and major planned plant refurbishment being brought forward at short notice.
Penrice added that with...