Covia Focuses on Expanding Industrial Business, Reports Loss

Covia Corp of Independence, OH, the combination of Unimin Corp and Fairmount Santrol Holdings Inc, has announced a net loss from continuing operations of US$288.8 million for the third quarter ended September 30, 2018. The company’s revenues declined 17%, to US$523.4 million and volume shipments declined 15% to 8.2 million tons. Jenniffer Deckard, Fairmount’s CEO,...

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MTI Raises Prices to Offset Inflation

Minerals Technologies Inc (MTI) of New York, NY has reported 2018 consolidated third quarter net income of US$41.9 million on worldwide sales of US$464.1 million versus net income of US$41.7 million on net sales of US$424.4 million in the same period of 2017. Doug Dietrich, MTI’s CEO, said, “We had a solid third quarter, executing...

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Kronos Income Down on Lower Sales and Production Volumes

Kronos Worldwide Inc of Dallas, TX has reported a third quarter 2018 net income of US$32.6 million on net sales of US$410.3 million compared with net income of US$73.8 million on sales of US$464.5 million in the third quarter of 2017. The company’s income was lower as the favourable impact of higher average selling prices...

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Ciner Battles Decline in Ore Quality in Wyoming

Ciner Resources LP of Atlanta, GA has reported a third quarter net income of US$19.0 million on net sales of US$123.4 million compared with US$19.3 million on sales of US$122.5 million in the same period of 2017. The sales increase reflects a 3.8% increase in average sales price partially offset by a 3.0% decrease in...

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