TiO2 prices hit Q1 AkzoNobel revenues
Published: Thursday, 17 May 2018
Despite the implementation of product price rises, the company has been struggling with rising raw material costs with headwinds expected to continue in 2018.
The higher cost of raw materials such as titanium dioxide
and a fall in shipments of marine and oil and gas coatings hit
AkzoNobel’s first-quarter revenues, it said.
Although the average selling price for its coatings products
was up by 3% year on year in the first three...