IMERYS REPORTS INCREASED SALES, REDUCED OPERATING INCOME
In 2008, Imerys' environment was marked by a gradual downturn in American and European economic conditions. This slump sharply worsened in the fall, resulting in an unprecedented drop in sales volumes in the last few months of the year. New housing-related markets (building materials, ceramics, performance minerals) were particularly affected in both the U.S. and Europe.
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LIBBEY ANNOUNCES FOURTH QUARTER, FULL YEAR RESULTS
Libbey Inc. recently announced that sales for the fourth quarter of 2008 were $186.6 million, compared to $225.1 million in the fourth quarter of 2007. Libbey reported a net loss of $68.9 million, or $4.68 per share, for the fourth quarter ended December 31, 2008, compared to a net loss of $5.0 million, or $0.34 per share, in the prior year quarter.
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TITANIUM DIOXIDE CAPACITY COULD REACH 7.5 MILLION TPY BY 2015
According to "Titanium Dioxide: 2009 World Market Outlook and Forecast," a new report from Merchant Research & Consulting, titanium dioxide capacities totaled 5.6 million tons in 2008 with average operating rates of 95%. With a considerable number of projects planned to be implemented, world capacity will grow 30% by 2015.
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PARAGON INTRODUCES NEW GLASS KILNS
Paragon Industries recently released its Professional Series glass kilns, which are painted black to distinguish them from the company's blue ceramic, jewelry, and pottery kilns, as well as its smaller glass kilns. The larger Professional Series have mercury displacement relays that turn on the heating elements. "The relays work hard in a glass kiln," said John S. Hohenshelt, company president.
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SOLAR CELL MATERIALS AVAILABLE FROM PRED
Pred Materials recently announced that it offers a variety of materials for use in the manufacture of solar cells. Phosphoryl chloride (5N and 6N grades) is available for silicon-based cells, as well as high-purity gallium, indium, selenium and tellurium for CGIS cells.
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RHI RECEIVES FLOAT GLASS FURNACE CONTRACT
RHI was recently awarded an order of approximately €12 million (~ $16 million), comprising refractory material supply for the construction of two new float glass furnaces. The customer is Ianua S.p.A., an Italian engineering firm that operates worldwide in the glass industry. RHI will supply almost the entire refractory requirement for these two projects, which will take place concurrently.
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NEW MINI LAB CIRCULATION ATTRITOR DEVELOPED BY UNION PROCESS
Union Process, Inc. has produced a special version of its Q-03 laboratory-sized circulation grinding mill for a customer in the ink market. To meet the customer's unique requirements, Union Process designed and built a special sized processing tank, a mechanical shaft seal, and a completely explosion-proof system with no air motors.
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