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
| On 8th Mar 2021
After a month of Vietnam signing a free trade agreement (FTA) with...
| On 8th Mar 2021
A wide array of economic indicators point toward potentially record...
In a major step towards recycling, scientists at Sweden’s Lund...
One thing is certain, online sales will go up
The pandemic has reinstated need for organised retail spaces in Tier II...
Farmers who produce seeds earn 50 per cent more
Headquartered in Finland, Helsinki, Lindström Group is a textile rental...
Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...
Headquartered in Surat, Anubha Industries is a specialist for sustainable...
Investkonsult Sweden AB
Investkonsult Sweden AB are consultants in the nonwoven and absorbent...
Dieffenbacher India Pvt Ltd
Germany-based Dieffenbacher Group is a producer of high-quality composites ...
Non Woven Federation of India
The Non Woven Federation of India (NWFI), representing the regional...
Sailesh Singhania Label
The Sailesh Singhania label was created to promote handwoven sarees and...
Tahweave & Garo
Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...
<span style="font-size: 12px;">Designer <b>Suman Nathwani</b> talks about...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.