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Citation
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HERO ID
1583788
Reference Type
Journal Article
Title
IM 2012 Round-ups: Titanium dioxide
Author(s)
Ollett, J
Year
2013
Is Peer Reviewed?
0
Journal
Industrial Minerals
ISSN:
0019-8544
Publisher
Euromoney Trading Limited
Page Numbers
n/a
Abstract
"Recent comments regarding market demand for TiO 2 in the second half of 2012 are not consistent with DuPont's view and overstate the softness in the pigment industry," BC Chong, DuPont Titanium Technologies president, said. "We think that pigment producers (...) are seeing somewhat lower demand, and may be switching more of their feedstock requirements from the higher-priced synthetic rutile to lower-priced slag because the input cost savings outweigh the reduced production efficiencies in a soft demand market," Tom Casey Tronox CEO, said at the time. Kronos Worldwide Inc. also reported weak third quarter results as higher average TiO 2 selling prices and lower sales and production volumes hampered profitability. The US company's net income totalled $35.2m in Q3 2012, compared with $85.9m for the third quarter of 2011, while net sales for the quarter fell 14% y-o-y to $75.1m
Keywords
(Jan 2013)
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