Imerys SA of France says it will increase the price of all its bentonite-based products by 6% to 10%. The new prices will be effective January 1, 2019, or as contracts allow. The company says that the price increase will support escalating costs of raw materials, energy and logistics.
Month: November 2018
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, […]
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 […]
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 […]
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 […]