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Markets :: Basic Chemicals :: Inorganic Chemicals :: Titanium Dioxide
Tronox Reports Profit Increase on Strong Pigment Demand
7:58 AM MDT | August 18, 2011 | Nancy Seewald
Tronox reported second-quarter net income of $66.2 million, compared with $11.8 million in the same period last year. Adjusted Ebitda, excluding restructuring costs, more than doubled, to $111.2 million. Sales rose 42%, to $428.3 million. The company emerged from bankruptcy on February 14 and applied fresh start accounting as of February 1. "Our business continued to benefit from strong global demand for titanium dioxide pigment, especially in key Asia/Pacific markets, a favorable pricing environment and cost and efficiency benefits from our...
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