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Kimibiz, The first social network about color chemistry industries.
Kimibiz, The first social network about color chemistry industries.
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Venator loss deepens YOY on volumes, utilization !!
November 06/2020 MOSCOW (MRC) -- Venator (Wynard, UK) reports a third-quarter net loss of USD42 mill...
ion, down from a loss of USD19 million in the year-ago quarter on lower volumes and utilization. Revenue totaled USD474 million, down 10% year-over-year (YOY) from USD526 million, said Chemweek. Adjusted earnings per share came to a 17-cent loss, down from profit of 8 cents in the year-ago period and short of the average analyst estimate of a 12-cent loss as compiled by Refinitiv (New York). "I am pleased by the gradual recovery in demand for most of our products,” says Simon Turner, president and CEO. “We saw broad improvement in sales volumes resulting in an increase of 3% compared to the second quarter, notwithstanding a seasonally weaker third quarter and the impact of Hurricane Laura on our TiO2 [titanium dioxide] joint venture facility in Louisiana. Notably, our color pigments and timber treatment businesses continue to demonstrate resilience during the current challenging macro-economic environment." Venator reported revenue of USD456 million for the second quarter and a net loss of USD19 million. TiO2 volumes increased 2% sequentially. "We continue to optimize our controllable cost structure and by year end will have completed the actions necessary to deliver the full benefits of our 2019 business improvement program," says Turner. "In addition, we implemented non-recurring COVID-19 related cost saving initiatives of approximately $30 million in 2020. We have also identified cost saving and operational improvements from which we expect to deliver annual savings greater than USD55 million in 2022 compared to 2019." The titanium dioxide segment turned in sales of USD... (REDAING CONTINUES ON LINK BELOW)
Private equity SK Capital Partners have purchased 40% of VENATOR!
August 28, 2020 WYNYARD, UK, Aug. 28, 2020 /PRNewswire/ -- Venator Materials PLC (NYSE: VNTR) ("Ven...
ator") today announced that funds advised by SK Capital Partners, L.P. have agreed to purchase approximately 42.5 million shares, representing just under 40% of Venator's outstanding shares, from Huntsman Corporation (NYSE: HUN) for a purchase price of approximately $100 million, including a 30-month option for the sale of Huntsman's remaining approximate 9.5 million shares it holds at $2.15 per share. The transaction is subject to regulatory approvals and is expected to close near year-end. Simon Turner, President and CEO of Venator, stated, "I am excited to ... Rest of article on link below
Lanxess Q2 Earning results: Net Profit Climbs, EBITDA Down; Maintains FY20 Earnings View
(RTTNews) - Specialty chemicals company Lanxess AG (LNXSF.PK) reported Thursday that its second-quar...
ter net income surged to 798 million euros from last year's 100 million euros. Earnings per share were 9.24 euros, up from 1.14 euros last year. Earnings per share from continuing operations adjusted for exceptional items and amortization of intangible assets were 0.86 euro, compared to 1.45 euros a year ago. EBITDA declined 23.8 percent to 198 million euros from 260 million euros a year ago. EBITDA pre exceptionals dropped 20.3 percent to 224 million euros from 281 million euros. Sales fell 16.7 percent to 1.44 billion euros from 1.72 billion euros a year ago. Looking ahead, for fiscal 2020, the company company continues to expect... CONTINUE READING ARTICLE ON LINK BELOW
Tronox Reports Second Quarter 2020 Financial Results: Due to the impacts of COVID-19, TiO 2 sales volumes declined 19 %!!
Second Quarter 2020 Financial Highlights : Revenue of $578 million Income from operations of $49 ...
million; Net loss of $4 million Adjusted EBITDA of $142 million; Adjusted EBITDA margin of 25 percent (Non-GAAP) Total Cristal acquisition synergies year-to-date of $107 million, with $84 million reflected in Adjusted EBITDA (Non-GAAP) and $23 million in taxes and other synergies; maintaining FY2020 total synergy target of $190 million, $140 million within EBITDA GAAP diluted loss per share of $0.03; Adjusted diluted EPS of $0.03 (Non-GAAP) Due to the impacts of COVID-19, TiO 2 sales volumes declined 19 percent, consistent with previously issued Q2 outlook, and selling prices were level sequentially Zircon sales volumes increased 2 percent sequentially as a result of shipment timing, and selling prices increased 2 percent driven by favorable product mix Feedstock and other products sales decreased 43 percent sequentially, primarily due to the lack of mandated shipments of CP slag in the quarter and lower sales volumes of pig iron Balance Sheet and Cash Flow : Over $1.1 billion of available liquidity including $722 million in cash and cash equivalents, excluding restricted cash of $27 million that includes $18 million held in escrow related to ... CONTINUE READING ARTICLE ON LINK BELOW
Cathay Industries to expand its iron oxide pigment production in South East Asia
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✅INTERNATIONAL TIN, leading producer of TIN oxide #pigments is now registered on B2B color busines...
s directory… https://t.co/geEEZ68RGD
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@kimibiz
@Carbios @France3tv Bravo. Je vous suis avec beaucoup d’intérêt. Quelle est l’empreinte carbon...
e du procédé ?
✅INTERNATIONAL TIN, leading producer of TIN oxide #pigments is now registered on B2B color busines...
s directory… https://t.co/geEEZ68RGD
@Carbios 👏👏👏we are with you @Waste2Wear
@Carbios 👏👏👏
RT @Carbios: Carbios' enzymatic recycling technology fully breaks down any kind of post-consumer PET...
plastics into their original monomers.…
#TiO2 #colour #pigment #coatings #plastics VENATOR Announces Major Investment from SK Capital Partne...
rs!… https://t.co/HV5KZCAiGo
RTTNews: @LANXESS Q2 Net Profit Climbs, EBITDA Down; Maintains FY20 Earnings View https://t.co/lYvom...
cqxcS https://t.co/VIuPRj4zWA
@TRONOX Reports Second Quarter 2020 Financial Results: Due to the impacts of COVID-19, #TiO2 #pigmen...
t sales volumes… https://t.co/9geGbmxDqU
👏🏻👏🏻👏🏻🙏 #Reclycling #plasticpollution @Waste2Wear https://t.co/9nijdYCTPW
#TiO2 #pigment https://t.co/rb5Bu1VxXP