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CACO3 FILLER MASTERBATCH

par NHAT HUY GROUP

l-methionine

par premium ingredient co.,ltd

n-acetyl-l-cysteine

par premium ingredient co.,ltd

R298

par Pangang Titanium
Dernières annonces...
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)
 
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