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R298

by Pangang Titanium

Pengfeng

by Zibo Pengfeng New Material Technology Co.,Ltd

Pengfeng

by Zibo Pengfeng New Material Technology Co.,Ltd

by Suzhou Baohua Carbon Black Co. Ltd.
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Lomon Billions Opens New Sales and Technical Services Office in Shanghai
Jiaozuo, China, May 6, 2020: The official opening of Lomon Billions’ new sales and technical servi...ces office in Shanghai was held today, marked by a ribbon-cutting ceremony hosted by Mr. Haiming Qu, Assistant to the CEO and Executive Deputy General Manager of Sales. The new office is located at CITIC Plaza in central Shanghai on the East bank of the Huangpu river, just 43 kilometers and 45 minutes’ drive from Shanghai Pudong International Airport. The ceremony was attended by Mr. Ruiqing Tan, Vice Chairman of Lomon Billions Group, Mr. Ge Yao, Assistant to the Chairman, Ms. Ran Xu, Assistant to the CEO, Ms. Zhaoxia Yan, General Manager of Lomon Billions Trading Company and Mr. Yurong Zhang, Director of Lomon Billions’ Research Institute in Jiaozuo. At the ceremony Mr Tan said, “Since the merger between Lomon and Billions, the business has developed rapidly. Last year we acquired Xinli Titanium Industry and our current titanium dioxide pigment production capacity now exceeds 1 million tonnes making us one of the world’s top 3 titanium dioxide pigment manufacturers and No. 1 in Asia. We are a global company. Our products are sold to many countries and regions around the world. The proportion of our TiO2 pigment sales that is exported has continuously exceeded 50% for many years. It is currently around 75-80%. Within the next 3 – 5 years our annual TiO2 sales target will exceed more than 1 million tonnes. With the rapid development of the company our sales and technology teams will grow considerably. Our production sites are located in Jiaozuo, Deyang, Xiangyang, Chuxiong and Panzhihua. Our new office in Shanghai, China’s international metropolis, centralizes our sales and technical services teams. The global market demands first-class global customer service. Our Shanghai location will attract ... CONTINUE READING ARTICLE ON LINK BELOW
L'Oréal recognized as one of the World's Most Ethical Companies for the 10th time
L’Oréal named for the 10th time as one of the World's Most Ethical Companies® by Ethisphere Inst...itute. L’Oréal, the world’s leading beauty company, has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World’s Most Ethical Companies. This is the 10th time that L’Oréal achieves this recognition, underscoring their commitment to leading with integrity and prioritizing ethical business practices. “We at Ethisphere are impressed with L’Oréal’s values-based approach, long-term vision and genuine commitment to operating with integrity,” explained Ethisphere’s Chief Executive Officer, Timothy Erblich. “We congratulate everyone at L’Oréal for integrating ethics into their day-to-day activities and for earning this recognition.” “This tenth recognition from Ethisphere confirms that a company can be both ethical and successful. Ethics is one of the Group's transformation drivers, of which all of our employees around the world are particularly proud” said Jean-Paul Agon, Chairman and Chief Executive Officer of L’Oréal. “In a world of exponential innovation, a company with a strong ethical culture is better equipped to face the challenges of tomorrow” said Emmanuel Lulin, Senior Vice-President and Chief Ethics Officer of L’Oréal. In 2019, 128 honorees were recognized spanning 21 countries and 50 industries. The thirteenth class of honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose. About Ethics at L’Oréal In 2000, L’Oréal was one of the first companies in France to establish a Code of Ethics and to appoint, in 2007, a Chief Ethics Officer. In 2008, L’Oréal’s Chairman and CEO, Jean-Paul Agon, received the prestigious Stanley C. Pace Leadership in Ethics Award. In 2015, L’Oréal’s Senior Vice-President and Chief Ethics Officer, Emmanuel Lulin, received the prestigious Carol. R. Marshall Innovation in Ethics Award In 2017 and 2018, L’Oréal received the Transparency Grand Prix for its Code of Ethics (Grand Prix de la Transparence – Charte Éthique). In 2018: - As a LEAD company by the United Nations Global Compact and received the 2 Awards of Excellence in Ethical Governance and Ethical Leadership from the University of Cergy-Pontoise (France) - Emmanuel Lulin, L’Oréal’s Senior Vice-President and Chief Ethics Officer was honoured as UN Global Compact SDG Pioneer for Advancing Business Ethics. He also received the Bill Daniels Being a Difference Award from the NASBA Center for the Public Trust and the 1st Honourary Award as Ethics Influencer from the University of Cergy-Pontoise - L’Oréal achieved a #1 ranking out of 6,000 companies worldwide in the Covalence ESG Ranking. - L’Oréal organizes an annual Ethics Day where employees from around the world can chat online with L’Oréal’s Chairman and CEO and their country General Manager about ethics
Tronox Emphasizes Strong Financial Position
Provides guidance for strong First Quarter 2020 performance STAMFORD, Conn., March 26, 2020 /PRNews...wire/ -- Tronox Holdings plc (NYSE:TROX) ("Tronox" or the "Company"), provided an investor update in light of the current global pandemic, to emphasize the strength of the Company's cash flow, balance sheet and sources of liquidity. "Tronox is well positioned to meet the challenges of the current situation and perform very well in the recovery that is to come," said Chairman and Chief Executive Officer Jeffry N. Quinn. "We are focusing on what we can control, protecting our people and preserving our business. As we are monitoring developments in all the regions in which we operate, we are actively engaging with our customers, and continually assessing a range of economic scenarios and their potential impact to our markets, operations and financials. The flexibility gained by our vertically integrated, globally diverse business model and our integrated business planning capabilities, uniquely allows us to swiftly respond to the dynamic conditions." The first quarter is expected to close better than anticipated, due to positive market trends and developments thus far in 2020. The Company provided its outlook for the first quarter 2020: Revenue of $700 to $730 million Adjusted EBITDA of $160 to $170 million Adjusted EPS of $0.10 to $0.18 Commenting on the Company's current financial position, Mr. Quinn noted, "We are comfortable with our current liquidity and have broad flexibility to manage our cash flow. Our balance sheet is solid, with no upcoming maturities on our term loan or bonds until 2024. We also have no financial covenants on our term loan or bonds and only a minor springing financial covenant on our ABL. We have the ability to reduce our capital expenditures and manage our working capital that, combined, could unlock over $200 million of cash should the need present itself. Out of abundance of caution, we provided notice to draw down $200 million of revolving credit loans under our credit facilities as a precautionary measure to increase liquidity and preserve financial flexibility. We plan to repay the amounts drawn when the macro uncertainty subsides. We also remain committed to maintaining the recently increased dividend." Mr. Quinn added, "Our vertical integration coupled with our diverse, global footprint provides the flexibility for us to leverage our assets to mitigate disruptions, while the regional diversity of our customer base ensures we are not overly dependent on any singular region. We are well positioned to successfully manage through this uncertainty and are confident in our global team's ability to safely lead through the ever-evolving global pandemic. I want to thank each of our nearly 7,000 global employees for their dedication and focus through these uncertain times. We will continue to work diligently across our sites to operate safely and supply our customers, and ensure we are prepared to take full advantage of the inevitable economic rebound, in whatever form that may be."
 
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