Cold weather affects Elementis' hectorite sales in Q1
Published: Thursday, 24 April 2014
Elementis is the world's only hectorite producer — a mineral which has attracted attention due to its use in oilfield applications. However, lagging sales in this market, down 18% year on year, has been attributed to cold weather, which has delayed many North American drilling operations
The world's only hectorite producer Elementis said today
that sales of its products in Q1 2014 had been affected by
the cold weather in North America.
"Short term weather issues impacted our North American
based coatings, oilfield and chromium businesses in January
and February, as snow and unusually cold temperatures...