Kronos sees 7% slide in TiO2 prices

• Autores: John Ollett
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 549, 2013
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "A substantial portion of the TiO 2 products sold in the first quarter of 2012 were produced with lower-cost feedstock ore purchased in 2011, while a substantial portion of the TiO 2 products we sold in 2013 was produced with higher-cost feedstock ore purchased in 2012," it added.

    After the results and the price increases, Kronos was dealt a further blow by ratings analysts. Fitch ratings agency downgraded the company's issuer default rating (IDR) and senior secured term loan'BB-' from'BB'.

    The company's term loan B was also downgraded to'BB-' from'BB', but its asset-based lending revolver was affirmed at'BB+'.