Kronos profits fall despite 24% increase in selling price
By Kasia Patel
Published: Friday, 10 August 2012
Higher prices offset by lower volumes and higher production costs
US-headquartered TiO2 pigment producer
Kronos Worldwide Inc.
was unable to compensate for unfavourable economic conditions
by raising prices, its quarterly earnings statement
revealed.
Although the company’s selling prices were higher
compared with the corresponding period the previous year,
segment profit fell to $114.2m down from $146.6m for Q2 –
a...