Mexichem’s profit still impacted by sluggish fluorspar demand and low refrigerants prices
By Antonio Torrisi
Published: Tuesday, 29 July 2014
Following a favourable verdict from the US court about anti-dumping and countervailing duties for Chinese fluorochemicals imports in May, the Mexican producer sees demand for fluorine-based refrigerants shrink in Q2. But it maintains optimism about its fluorspar business.
Mexican vertically integrated
fluorspar and chemical producer, Mexichem, has seen its net
income and EBITDA* decrease in Q2 2014, as low demand in its
fluorochemical business
continues to impact profits.
Net income amounted to $50m and $99m in Q2 and H1 2014,
respectively, down 52% and 33% compared with the...