31 May 2016
Tata Chemicals reported a 26% rise in EBITDA for the quarter ended 31 March, as sales in its soda ash and salt business drove higher revenues. Fertilisers however remained under pressure.
18 May 2016
The Belgian chemicals supplier has appointed German-headquartered Merck KGaA as distributor of its line of Aquivion perfluorosulfonic (PFSA) acid products.
09 May 2016
Texas, US-based TOR Minerals International Inc. has reported a profit in Q1 2016 for the first time in almost two years after the company divested its synthetic rutile production facilities, which were unable to produce at a profit consistently. Although the company is still facing difficult market conditions in TiO2, its alumina and sulphate businesses have shown potential for profitable growth.
06 May 2016
China’s biggest soda ash company, Tangshan Sanyou Chemical Industries Co. reported an increase in Q1 performance with higher y-o-y and q-o-q gross profit rates. Fellow producer Hubei Shuanghuan Science and Technology also announced a 54% increase in net profit, implying that the worst is over in soda ash with the market beginning to recover this year.
05 May 2016
US titanium dioxide (TiO2) pigment producer Tronox has reported a deeper loss both year-on-year (y-o-y) and sequentially. While first quarter TiO2 pigment selling prices also declined from the previous quarter, the company noted March prices at higher levels than in February, and predicts further global price improvements in the second and third quarter of 2016.
03 May 2016
Solvay’s quarterly performance was affected by lower average pricing conditions as its operations related to oil and gas markets remained weak, while end markets including aerospace and automotive boosted demand for structural composite and polymer materials.