February 28, 2018 08:11
* In 2017, the sales revenue was approximately 6.2 billion US dollars, a year-on-year increase of 15%
*Net income of 6 million
*Adjusted EBITDA was .4 billion, a year-on-year increase of 73%
Recently,Chemours(Chemours）The 2017 annual performance has been announced. In 2017, net sales reached 6.183 billion US dollars, a year-on-year increase of 15%. The sales revenue of titanium dioxide technology business in 2017 was 2.958 billion US dollars, a year-on-year increase of 25%, mainly due to the global average sales price increase and Ti Pure ™ The demand for titanium dioxide has increased. The higher product pricing and sales volume also resulted in the department's adjusted EBITDA of 2 million, a year-on-year increase of 85%. The increase in raw material costs, distribution expenses, and expenses related to transformation measures and performance-based compensation partially offset the increase in profits.
Mark Vergnano, CEO of Chemours, stated that the company has achieved tremendous growth in all three segmented markets, and the results are 'incredible'. In terms of titanium dioxide technology business, customers are interested in the company's Ti Pure ™ The preference for titanium dioxide has driven higher production in this business unit, while at the same time, the company works closely with customers to integrate Ti Pure ™ The pricing of pigments serves as a barometer for companies to reflect their value. Especially in the fourth quarter, the price increase of Ti Pure titanium dioxide increased the company's sales revenue by 10%.
According to statistics, in 2017, Chemours raised its titanium dioxide prices four times.
On February 6, 2017, it was announced that all Komu Titanium Pure products sold in North America, Canada, Asia Pacific, Latin America, Europe, the Middle East, and Africa would be upgraded starting from March 1, 2017 ™ Titanium dioxide prices in North America and Canada: Increase. On February 6, 2017, it was announced that from March 1, 2017, all Komu titanium pure products sold in North America, Canadian dollar, Asia Pacific region, Latin America, European Union, Middle East, and non sales areas will be upgraded ™ Titanium oxide prices in North America and Canada: Increase 1.2017 Starting from March 1, 2017, all Komu Ti Pure products sold in North America, Canada, Asia Pacific, Latin America, Europe, the Middle East, and Africa will be raised ™ Titanium dioxide prices in North America and Canada: increased by $0.06 per pound; Asia Pacific: Increase by $150/ton; Latin America, the Middle East, Eastern Europe, and sub Saharan Africa: an increase of $200 per ton; Western and Central Europe, Türkiye and North Africa: an increase of 200 euros per pound 06； Asia Pacific region: 0 increase per ton; Latin America, the Middle East, Eastern Europe, and sub Saharan Africa: 0 increase per ton; Western Europe, Central Europe, Türkiye and North Africa: an increase of 200 euros per ton.. 06 per pound; Asia Pacific region: 0 increase per ton; Latin America, the Middle East, Eastern Europe, and sub Saharan Africa: 0 increase per ton; Western and Central Europe, Türkiye and North Africa: an increase of 200 euros/ton.
On June 21, 2017, Chemours issued a notice stating that starting from July 1, 2017, the price of all specifications of Ti PureTM titanium dioxide sold by Chemours in Greater China will be increased by 0 per ton. Special models such as R-960, TS-6200, TS-6300, R-105, and R-108 will have a price increase of 0 per ton.
On September 1, 2017, Chemours Company issued a price increase announcement for titanium dioxide. According to the announcement, starting from October 1st, all specifications of Ti Pure under the Chemours brand will be available ™ The price of titanium dioxide is increased by 150 dollars/ton on the original basis in Chinese Mainland.
On November 27, 2017, Chemours announced that from January 1, 2018, or as permitted by contract or law, Ti Pure products sold by Chemours in Greater China would be available for sale ™ Titanium dioxide will increase its price by 0/ton, and special models R-350 and TS-6300 will increase by 0/ton.
At the same time, the Chemours Titanium Dioxide business unit also led the company's performance growth. In the second quarter, the sales revenue of this business unit reached a new high of 729 million US dollars, a year-on-year increase of 22%.
The company revealed that based on known data, they expect adjusted EBITDA to reach between .7 billion and .85 billion in 2018, a year-on-year increase of 25%.
