Divergent results for Chinese TiO2 companies

By Albert Li
Published: Wednesday, 02 September 2015

Amid continued struggles in the TiO2 industry, Anhi Annada recorded an even deeper deficit while Henan Billions saw a surge in net profit.

China’s Anhui Annada Titanium Co. made a net loss of Rmb 21m ($3m) in the first half of 2015 while rival titanium dioxide (TiO2) producer, Henan Billions Chemical Co. made a profit of Rmb 47m ($7m).

Anhui Anada’s year-on-year (y-o-y) turnover fell 13% to Rmb 327m ($51m), leading to a...

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