Home / Knowledge / News / Textiles / Kronos' net sales grow 16% in Q1 2017
Kronos' net sales grow 16% in Q1 2017
11
May '17
Net sales of Kronos Worldwide, Inc., producer of titanium dioxide (TiO2) has grown 16 per cent in the first quarter of 017 than in the first quarter of 2016. With a total of $369.8 million, net sales rose in Q1 2017 as compared to the same period in 2016. The company's average TiO2 selling prices were 17 per cent higher in Q1 2017 as compared to Q1 2016.

TiO2 sales volumes in the first quarter of 2017 were 3 per cent higher as compared to the first quarter of 2016 due to higher sales in the North American and export markets, partially offset by lower sales in the European market.  Kronos' sales volumes in the first quarter of 2017 set a new overall record for a first quarter period.  Fluctuations in currency exchange rates (primarily the euro) also affected net sales comparisons, decreasing net sales by approximately $7 million in the first quarter 2017 as compared to the first quarter of 2016.

The company's TiO2 segment profit in the first quarter of 2017 was $56.5 million as compared to $3.8 million in the first quarter of 2016. Segment profit increased in the first quarter of 2017 as compared to the first quarter of 2016 primarily due to higher average TiO2 selling prices, higher sales and production volumes and lower raw materials and other production costs.  Kronos' TiO2 production volumes were 10 per cent higher in the first quarter of 2017 as compared to the first quarter of 2016. 

Meanwhile, the company also reported a net income of $36.8 million in the first quarter of 2017 compared to a net loss of $3.8 million for the same period in the corresponding year. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

IOC, MCPI to set up ₹1000 cr PSF unit in Odisha

Textiles | On 23rd May 2018

IOC, MCPI to set up ₹1000 cr PSF unit in Odisha

Indian Oil Corporation (IOC) has teamed up with Materials Chemicals...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Urmil Arya

Sushila International, a well established textile organisation established ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search