Home / Knowledge / News / Textiles / Soda ash export pricing affects FMC Corp's Q2 results
Soda ash export pricing affects FMC Corp's Q2 results
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

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Textiles | On 27th Feb 2017

Textile industry can boost South African economy: Minister

The textile industry is one of the most strategic platforms through...

Textiles | On 27th Feb 2017

KBR bags LBED revamp contract for LG Chem's ethylene plant

KBR, Inc has bagged a technology licensing and basic engineering...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra

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


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search