Inter-Rock Revenue Down as Milk Prices Hit 10-Year Low

Inter-Rock Minerals Inc of Toronto, ON has reported a net loss of US$165,000 on revenue of US$10.3 million in the three months ended December 31, 2018 versus a net loss of US$305,000 on revenue of US$12.6 million in the same period of 2017. For all of 2018, the company reports a net income of US$999,000...

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Mazarin Plans Fertilizer Plant for Thetford Mines

Mazarin Inc of Thetford Mines, QC and subsidiary Asbestos Corp Ltd announce that Asbestos Corp has subscribed to additional shares of KSM Inc, as part of the latter’s second financing round. KSM is a privately-owned company based in Thetford Mines whose objective is to commercialize an innovative process for the production of fertilizers. The developed...

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Owens-Illinois to Buy Nueva Fanal Facility

Owens-Illinois Inc (O-I) of Perrysburg, OH has entered into a definitive agreement to acquire Nueva Fabrica Nacional de Vidrio SA de CV (Nueva Fanal) from Grupo Modelo, a wholly-owned affiliate of Anheuser-Busch InBev SA/NV. The Nueva Fanal facility is located near Mexico City. The plant has four furnaces that produce and supply approximately 300,000 tons/year...

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RHI Benefits from Pricing Gains

RHI Magnesita NV of The Netherlands has reported strong revenue growth of 21% in 2018 to €3,081 million (US$3.5 billion), reflecting increased volumes and commercial and raw material pricing gains. The company’s steel division increased revenues by 15% and its industrial division by 33%. Results were bolstered by significant growth in China and India, with...

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Covia Reports Net Loss, Anticipates Improved Demand in 2019

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$48.1 million for the fourth quarter ended December 31, 2018 on revenues of US$441.3 million compared with a net income of US$70.4 million on revenues of US$335.9 million in the fourth...

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