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...