Weak titanium dioxide weighs on Kemira

A poor performance by titanium dioxide (TiO2) affiliate Sachtleben, caused by a declining TiO2 market, caused Kemira's fourth-quarter 2012 earnings to miss analysts' forecasts. Rising costs and weak demand eroded TiO2 industry margins heavily last year. Sachtleben is a 61-39 joint venture between Rockwood Holdings and Kemira. Kemira posted fourth-quarter earnings per share (EPS), excluding nonrecurring items, of €0.13 ($0.17), down from €0.24 in the fourth quarter of 2011, citing the weak performance of Sachtleben. "The market environment for...

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