Resumen de Divergent results for Chinese TiO2 companies
China's Anhui Annada Titanium Co. Ltd made a net loss of Chinese renminbi (Rmb) 21m ($3m*) in the first half of 2015, kicking off a tide of H1 earning results which revealed mixed fortunes for the Chinese pigment chemicals industry. Rival titanium dioxide (TiO[subscript]2 ) producer, Henan Billions Chemical Co. Ltd, which recently concluded a major sector merger, made a profit of Rmb 47m ($7m) over the same period.
GPRO Titanium Industry Co. Ltd registered a turnover of Rmb 400.7m ($62.7m) for H1, of which rutile TiO[subscript]2 accounted for Rmb 234m ($37m) and anatase TiO[subscript]2-, Rmb 143.6m ($22.5m).
GPRO Titanium's production reached 37,800 tonnes TiO[subscript]2, while sales stood at 40,530 tonnes. The company plans to expand production by opening a pilot plant in Xuxhou. It will have a capacity of 80,000 tpa sulphuric acid-route TiO[subscript]2, and is projected to provide Rmb 114m ($17.9m) per annum.
