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Ciner affirms positive outlook as Q3 income grows 26%

By Kasia Patel
Published: Friday, 06 November 2015

OCI Resources, now operating under the new name Ciner Resources since Turkey's Ciner Group finalised its transaction last week, has reported an increase in sales and income as soda ash production and volumes grew in the third quarter. Although the company expects prices to slightly soften towards the end of the year, average soda ash prices are anticipated to remain at higher levels than last year.

US-based soda ash producer Ciner Resources LP, formerly OCI Resources LP, saw its net sales increase 6.8% over the third quarter of the year to $117.3m as both soda ash volumes sold and international average prices increased.

Net income attributable to the company increased 26% year-on-year (y-o-y) to...

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