Divergent results for Chinese TiO2 companies
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...