Home / Knowledge / News / Textiles / Soda ash export pricing affects FMC Corp's Q2 results
Soda ash export pricing affects FMC Corp's Q2 results
30
Jul '13
FMC Corporation, one of the world’s leading specialty chemical companies, has released its second quarter results and vision 2015 outlook.
 
The highlights of the second quarter results of FMC Corporation show a dip in the minerals segment earnings owing to the increase in soda ash export pricing in Asia.
 
The 2013 outlook of the corporation explains that in the minerals segment, Lithium operational improvements were offset by the slow paced recovery of soda ash export pricing.
 
However, the corporation’s vision 2015 outlook believes the minerals segment could recover by the end of 2013 due to improved lithium operations and recovery in soda ash export pricing.
 
In the minerals segment, second quarter earnings were US$ 35.4 million incurring a fall of 21 percent compared to the same period in the previous year, primarily as a result of lower export pricing of soda ash and partially offset by the higher global soda ash volumes.
 
FMC registered sequential improvements in the export soda ash pricing of Asia in the second quarter, and anticipates consecutive improvements in each of the third as well as fourth quarters of 2013.  
 
FMC Corporation is a diversified chemical company serving agricultural, industrial, environmental, and consumer markets globally for more than a century with innovative solutions, applications and quality products.
 
Last month, FMC Wyoming Corporation, a subsidiary of FMC Corporation, announced its implementation of increasing the off-list soda ash prices by $15.00/short ton for all grades of soda ash. The prices were raised to recover the cost increases and to support the continued investment in the soda ash business of the Corporation.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search