Market Dynamics
Huntsman Q1 income increases to $62m though TiO2 pigment prices stay low
Time: 2014-05-04 Source from: Huntsman
Huntsman Q1 income increases to $62m though TiO2 pigment prices stay low. The company reported positive overall financial results for the first quarter 2014, but revenue for its TiO2 pigment division saw a decline. However, with its aggressive push for increased prices and its soon-to-be-completed Rockwood acquisition, Huntsman expects improvements this year.
US titanium dioxide (TiO2) pigment producer Huntsman Corp. reported net income of $62m for the first quarter of 2014, a far cry from last years' net loss of $17m, as the company starts to feel the benefits from its restructuring efforts.