Friday, March 2, 2012

Anhui Annada Gets Strong Production and Financial Results Last Year

On 15 Feb. 2012, Anhui Annada Titanium Industry Co., Ltd. (Anhui Annada) released a brief financial report for last year, according to CCM’s February issue of TiO2 China Monthly Report.

The company's good performance was reflected by the substantial growth in revenue last year, thanks to the higher TiO2 sales volume and selling prices compared with those of the previous year. Its operating margin increased to 7.9% in 2011 from 4.9% in 2010, mainly due to high TiO2 prices driven up by cost increase and strong demand, as well as larger proportion of the sales volume of high value-added rutile TiO2 in the total sales volume.
Anhui Annada continued to optimize its product structure in 2011. As a result, it produced 38,000 tonnes of rutile TiO2 in 2011, accounting for 65.5% of its total TiO2 output in 2011 (the proportion was 60.9% in 2010). The adjustment resulted from higher profitability of rutile TiO2 compared with that of anatase TiO2. In fact, sources said the prices of rutile TiO2 increase faster and larger than those of anatase TiO2 these years. Generally speaking, Anhui Annada achieved its production target last year—it expected to produce 15,000 tonnes of anatase TiO2 and 40,000 tonnes of rutile TiO2 in 2011.
Besides, the company did well in cost management. For one thing, it sourced titanium feedstock from both home and abroad. For another thing, it made appropriate changes in the raw material structure, such as stopping or reducing the use of titanium slag when the prices of titanium slag went too high or increased too fast.

Source: TiO2 China Monthly Report 1202

Content of TiO2 China Monthly Report 1202:
China's TiO2 industry had moderate growth in 2011
Indian KMML's TiO2 output damaged by titanium feedstock shortage
Henan Billions continues to benefit from favorable policies
Anhui Annada got strong production and financial results last year
China's titanium feedstock import situation in Dec. 2011
BHP to exit the titanium mineral industry
Kenmare had strong ilmenite production in Q4 2011
Chinese companies to develop Mozambican minerals
Vietnam delays titanium ore export ban again
Coating companies passed hi-tech enterprise qualification review
… …

TiO2 China Monthly Report, a monthly publication issued by CCM International on 25th of every month, will penetrate into Chinese TiO2 market from a global view, deeply analyse TiO2 industrial chain and manufacturers’ competitiveness and trace the latest industrial hotspots and dynamics, aiming to provide the most valuable information about China’s TiO2 industry.

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