Tikkurila lowers profit guidance as TiO2 prices rise

By Kasia Patel
Published: Thursday, 15 December 2016

The Finland-based paints manufacturer expects profit to fall year-on-year as the price of raw materials like titanium dioxide has increased, while negative currency exchange rates have further compounded the problem.

Finnish paints producer Tikkurila Group has lowered its full year guidance on the back of increasing manufacturing costs, the company said 14 December.

"During the latter year-half of 2016, the expenses have increased due to e.g. price hikes in certain key raw and packaging materials,"...

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