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Derniers produits ajoutés...

Pengfeng

par Zibo Pengfeng New Material Technology Co.,Ltd

Pengfeng

par Zibo Pengfeng New Material Technology Co.,Ltd

par Suzhou Baohua Carbon Black Co. Ltd.

par CNNC Huayuan Titanium Dioxide Co. Ltd.
Dernières annonces...
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."
The EU published a delegated regulation classifying TiO2 as a category 2 suspected carcinogen !!
02.18.20 The European Union published on Feb. 18, 2020, a delegated regulation classifying titanium ...dioxide (TiO2) as a category 2 suspected carcinogen by inhalation under EU Regulation (EC) No 1272/2008 on classification, labeling and packaging (CLP) of substances and mixtures. This brings to an end a 3-year debate in which industry and several EU member states challenged the classification, arguing that harmonizing exposure limits for dust in production areas would have been a better option. It is the first time that such a dust effect is considered to fall under the EU legislation for CLP. With this decision under CLP, the industry will be legally required to make labeling amendments to every mixture that contains more than 1% TiO2. For paints and inks in liquid form, this will appear on the label in the form of a warning sentence to warn against spraying and respirable droplets. Some powder coatings will become classified mixtures, carrying a pictogram and the phrase “suspected of causing cancer by inhalation.” The reasons behind the EU Commission’s decision are not related to the chemistry of titanium dioxide, but by the simple presence of dust particles in excessive quantities in the lungs, causing chronic inflammation of the lung cells in rats. As this is an absolutely unrealistic scenario in practice (dust exposure levels in the studies are 40 times over legal limits for workers) CEPE considers the use of titanium dioxide in paints, coatings, printing inks and artists colors to be safe for consumers, professional painters, and production workers. The classification of titanium dioxide may set a precedent for many other substances with similar properties, which would burden the hazard communication with over-classification, and may result in label fatigue amongst consumers. The classification will also have an impact on downstream legislation, especially in the area of waste handling, where the impact is currently unclear and could jeopardize national recycling targets. The EU’s decision shall apply beginning on Sep. 9, 2021. CEPE calls upon the EU to establish clarity on the waste regulation for products or articles containing more than 1% TiO2 well before the entry into force. Any confusion about the applicability must be avoided to ensure a level playing field across Europe. The industry must have sufficient time to achieve compliance.
Clariant to sell Masterbatch business to PolyOne!
Muttenz, December 19, 2019 Clariant, a focused and innovative specialty chemical company, has agreed... to sell its entire Masterbatches business to PolyOne. The transaction values the Masterbatches business at USD 1,560 million, representing c. 12.2 times the last twelve months reported EBITDA (ending September 2019) on a cash and debt free basis. This amount is payable at closing, which is expected by Q3 2020. “This announcement is a significant milestone on our path to focussing on businesses with above-market growth, higher profitability and stronger cash generation. After the successful divestment of Healthcare Packaging in October 2019 the agreement to sell Masterbatches is an important step in delivering on our strategy defined in 2015 to concentrate on our three core Business Areas Care Chemicals, Catalysis and Natural Resources”, said Hariolf Kottmann, Executive Chairman of Clariant. “As announced, we are confident that we will execute the remaining divestment of our Pigments business in 2020 in order to build the new, more focused and stronger Clariant by 2021,” he added. As previously communicated, the proceeds from the intended divestments of Clariant’s non-core businesses will be used to invest in innovations and technological applications within the core Business Areas, to strengthen Clariant’s balance sheet and to return capital to shareholders. As a consequence of the divestment of the Masterbatches business, as well as the anticipated divestment of the Pigments business by the end of 2020, Clariant’s Board of Directors is proposing an extraordinary cash distribution of CHF 3.00 per share to the Clariant Annual General Meeting to be held on March 30, 2020. Subject to a positive vote of Clariant’s shareholders, the extraordinary distribution of approx. CHF 1 billion will be paid ....( Continue reading on link below)
 
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