Browse the most comprehensive catalog of the color industry...
New products...

SKY

by Zhengzhou Sky Universe Trade CO.,LTD

SKY

by Zhengzhou Sky Universe Trade CO.,LTD

SKY

by Zhengzhou Sky Universe Trade CO.,LTD

SURFADOL

by CHONGQING ACME TECH. CO., LTD
Latest news and offers
PPG and Lomon Billions Extend and Expand Titanium-Dioxide Supply Relationship
PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:PPG) and Lomon Billions today announced an expanded, multi-y...ear titanium-dioxide (TiO2) supply agreement. Under the agreement, Lomon Billions will supply additional quantities of chloride- and sulfate-based TiO2 to PPG from Lomon Billions’ existing manufacturing capacity. In addition, PPG has committed to purchasing additional supplies of chloride-based TiO2 from new manufacturing capacity that is currently being constructed by Lomon Billions and is expected to be on line in 2019. Lomon Billions is one of the world’s leading TiO2 suppliers. Commercial terms of the agreement were not disclosed. “Over the past six years, Lomon Billions has been an excellent partner as the company has become the fourth largest global supplier of TiO2,” said Tim Knavish, PPG senior vice president, who oversees PPG’s global supply management function. “This multi-year expansion of our supply agreement is a reflection of our continued confidence in the growing capability of Lomon Billions and their commitment to make ongoing investments in additional TiO2 manufacturing capacity. We look forward to continuing our work with Lomon Billions.” “As Lomon Billions continues its growth through investing in innovative manufacturing of chloride- and sulfate-based TiO2, PPG has been one of our most important partners,” said Ruiqing Tan, Vice Chairman of Lomon Billions, who oversees the company’s supply and sales functions. “This multi-year expansion agreement will create additional value for both companies. We look forward to continuing our partnership with PPG.” TiO2 is an important raw material widely used by PPG and other paint and coatings manufacturers as a pigment to provide hiding, durability and whiteness characteristics. About Lomon Billions Lomon Billions is an established and dynamic titanium dioxide (TiO2) pigment manufacturing business with a strong and expanding global presence. The company manufactures high-performance TiO2 pigment using both the chloride and sulfate process. Its prominent LOMON® and BILLIONS® pigment brands are recognized worldwide. It currently has a total annual production capacity of over...(Reading continues on Link below)
Tronox earnings drop YOY on acquisition charges, lower TiO2 prices
Titanium dioxide (TiO2) producer Tronox (Stamford, Connecticut) has reported a third-quarter net los...s from continuing operations of $12 million, down from profit of $15 million in the year-ago period, mainly on costs related to the April 2019 acquisition of Cristal TiO2, but also reflecting lower zircon sales volumes, lower TiO2 selling prices, and currency exchange effects. Revenue totaled $768 million, down 8% year-over-year (YOY) on a pro-forma basis from $822 million. Adjusted earnings per share came to $0.21, up from $0.17 in the year-ago period and ahead of the average analyst estimate of $0.15 as compiled by Refinitiv (New York). "Our third quarter performance clearly demonstrated the inherent stability and resilience of our vertically integrated global footprint in a challenging global macro-economic environment,” says Jeffry Quinn, chairman and CEO. TiO2 pigment sales declined 4% YOY to $603 million, says Tronox; sales volumes increased 3%, but selling prices declined 7% on a US dollar basis. Zircon sales declined 35% YOY to $68 million. Selling prices dropped 4%, and sales volumes dropped 32% on softer market conditions, primarily in China. Feedstock and other products sales increased 9% YOY to $97 million on higher chloride-process slag sales. Adjusted EBITDA declined 14% YOY to $184 million on lower zircon sales volumes, lower TiO2 selling prices, unfavorable translation of the Euro, and higher operating costs due to production downtime. "Through the end of the third quarter, we have delivered total synergies of $45 million since closing the Cristal TiO2 acquisition,” says Quinn. “We are raising our target for total synergies in 2019 to $65 million. Our Adjusted EBITDA margin of...(Article continues on link below)
 
Live from Kimibiz
LATEST NEWS
@kimibiz #job #coatings #paints https://t.co/u4DBzp8acV