Monday, August 29, 2011

Rising TiO2 Selling Price Drives Annada’s Profit Growing

TiO2 China Monthly Report was released by CCM yesterday. The top story of this issue is Anhui Annada tripling its profit because of higher TiO2 prices and optimized product structures.

The revenue of Anhui Annada Titanium Industry Co., Ltd. (Annada) was USD56 million, up by 42.70% over the same period last year. Annada's profit reached USD6 million, nearly doubled that of H1 2010. The high revenue and profit growth are mainly due to higher TiO2 selling price and optimized product structures.

With the global economic recovery and strong demand of TiO2, Annada benefited from the rising feedstock price and the increasing product price. The gross profit margin of both anatase TiO2 and rutile TiO2 increased by 4.42% year on year.

What’s more, the company's product structure was further optimized. The proportion of high-profit rutile TiO2 sales in total revenue increased from 64.54% in H1 2011 to 80.90%, while the proportion of anatase TiO2 sales in total revenue decreased from 35.46% in H1 2010 to 19.10%.

Annada expects its revenue and profit continue to grow in the second half of 2011, and it estimates year-on-year profit increase will be in the range of 190% to 240% in the first nine months of 2011.
The following news are covered in the August issue of TiO2 China Monthly Report:
China's TiO2 average export price exceeds import price
China's titanium feedstock import volume rebounds in June
Iluka to resume its Eneabba mining activities
ERAMET, MDL to set up a joint venture
Base reports good progress on Kwale Project
Huntsman Pigments' Q2 adjusted EBITDA up 135%
Rockwood TiO2 segment enjoys strong results
Kronos TiO2 segment's profit up 257% in Q2 2011
DuPont's revenue up 19% on higher prices
Anhui Goldstar to manage CNNC Huayuan
Jiangxi Tianguang's new project meets requirements
Jilin Fiber faces challenges in 2011
Sanxia Paint's profit down 21.2% in H1 2011
Wuhan Plastics reports strong profit growth
Dow's profit increases by 55.7% in H1 2011
AkzoNobel to set coating base in western China
China's TiO2 price declines in August
TiO2 multinationals announce new round of price hikes

(Guangzhou China, August 26, 2011)

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