TOR Minerals returns to profitability in 2016
Published: Wednesday, 26 April 2017
The company returned into positive territory following a net loss of over $6m in 2015, on the back of higher sales of alumina despite revenues from both TiO2 and barium sulphate decreased.
US speciality materials manufacturer TOR Minerals
International Inc. recorded a strong increase in
speciality alumina sales in 2016 while titanium dioxide (TiO2)
pigment revenues showed a substantial decline.
Total 2016 sales for the company across its three divisions
– speciality aluminas, TiO2 pigments and barium
sulphate – rose almost...