Kronos Q4 income up on higher TiO2 sales, prices
Published: Monday, 13 March 2017
While average 2016 prices for titanium dioxide were lower than the previous year, price improvements in the fourth quarter together with higher sales volumes and growing demand buoyed both Q4 and full year results.
Titanium dioxide producer Kronos has reported a net income
of $23.2m for the fourth quarter of 2016, up from a loss of
$20.4m in Q4 2015, as both prices and volumes saw a
year-on-year (y-o-y) improvement. The company reported an
increase in net sales of 16% to $333.7m...