Kronos strike positive note in Q3 results, despite lacklustre TiO2 market
Published: Monday, 10 November 2014
The latest set of results from Kronos are a stark contract to those posted by the titanium dioxide producer this time last year, when it posted a net loss on the back of industrial action and lower prices. Prices are still low, the company affirmed, but Kronos believes that demand will increase as inventories run down – a note of optimism in an otherwise bearish industry.
Kronos Worldwide Inc said
in its Q3 2014 results, released late last week, that it
expected demand for titanium dioxide (TiO2) to grow
by between 2-3% a year over the long term, in line with GDP
The company quantified this statement however, adding that
while it expected this to be...