Poor soda ash demand and Queensland floods hit Penrice

By Jack Elliott
Published: Wednesday, 18 May 2011

Producer to report loss; major customer substituting soda ash for recycled glass

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...

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