CCM's September Issue of TiO2 China Monthly Report was released yesterday. The top story of this issue is that CNNC Huayuan suspends one production line for maintenance and transformation.
CNNC Huayuan Titanium Dioxide Co., Ltd. (CNNC Huayuan) accepted a new trustee, Anhui Goldstar Titanium Dioxide Co., Ltd. (Anhui Goldstar), boosting CNNC's development.
On 20 August, Anhui Goldstar decided to suspend the 200# production line for maintenance and transformation, with purpose of improving productivity and product quality. And the production might resume by the end of this September.
The suspension of 200# production line is estimated to reduce TiO2 output by about 3,300 tonnes, which will be mitigated by productivity improvement and product quality enhancement upon completion of the production line's maintenance and transformation.
CNNC Huayuan was not able to transform production lines because of fund limitin the past.With the help of Anhui Goldstar, CNNC Huayuanwill make a deal of a USD2.8 million (RMB18 million) with Wuxi Haopu Titanium Co., Ltd. (Wuxi Haopu), a subsidiary of Anhui Goldstar. CNNC Huayuan will sell 1,000 tonnes of TiO2 to Wuxi Haopu.
CNNC Huayuan has benefited from higher TiO2 selling prices and sales volume in the first half of 2011, when its revenue reached USD33.7 million, up 53% year on year; however, its profit was a loss of USD2.3 million, compared with a loss of USD7.0 million in H1 2010. Nevertheless, the company estimates a loss for the first three quarters this year to be in the range of USD4.7 million to USD5.5 million.
The following news are covered in the September issue of TiO2 China Monthly Report:
-Henan Billions more than triples its profit in H1 2011 compared with that of H1 2010, thanks to higher sales volume and selling prices.
-CNNC Huayuan suspends one production line for maintenance and transformation.
-PGVT achieves gross profit margin increase in its titanium business in H1 2011.
-Oriental Yuhong plans to set up two waterproof material projects to enhance its competitiveness.
-China's titanium feedstock import volume dropped sharply in July 2011 compared with last month, due to weak demand.
-Shandong Qifeng's high definition wear-proof paper project was commissioned, enhancing its supply capability.
-AkzoNobel Shanghai exports a lot of China's TiO2 this year, in order to mitigate higher TiO2 prices.
-China's TiO2 price continues to decline in Sept. 2011 due to weak demand, so is the situation of titanium feedstock.
-China's MIIT carries out clean production technology promotion program in TiO2 and coatings industry.
If you are interested in CCM’s TiO2 China Monthly Report, please go to http://www.cnchemicals.com/Newsletter/NewsletterDetail_7.html or contact us at econtact@cnchemicals.com.
(GuangzhouChina, September 26, 2011)
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