Tekra Announces Price Increase on Digital Film Products
Effective with orders starting February 1, 2018 and later, Tekra, A Division of EIS, Inc. will increase prices on all products in our digital film line by 4-8%. This includes Dura-Go®, JetView™, Digi-Go™, DuraKote™ and ToneKote™ products. This increase is necessitated by inflation, rising operational costs, and raw material costs.
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Canfor Reducing Production Capacity in British Columbia Through End of 2022
Canfor Corporation is announcing a temporary reduction in production in British Columbia (BC) due to challenging market conditions. The production capacity will be reduced through a two-week curtailment beginning September 26, 2022 at the majority of solid wood facilities in BC and will be followed by the resumption of reduced operating schedules until the end of 2022. This is expected to result in a reduction of approximately 200 million board feet of production capacity. “We are temporarily curtailing production in BC due to reduced market demand. We will leverage our global operating platform to prioritize the requirements of our customers,” said Don Kayne, President and CEO, Canfor. To limit the impact on employees, they will have the opportunity to work during the downtime to complete maintenance projects and other site activities.
Tronox Reports First Quarter 2021 Financial Results
First Quarter 2021 Financial Highlights: *Record revenue of $891 million increased 14 percent sequentially, driven primarily by double-digit growth in both TiO2 and zircon volumes and 3 percent higher TiO2 average selling prices *Income from operations of $125 million; Net income of $26 million *GAAP diluted income per share of $0.12; *TiO2 sales volumes increased 15 percent sequentially, at the top end of the guided range, driven by global demand strength led by growth in Europe and Asia Pacific; TiO2 average selling prices increased 3 percent sequentially, with price increases implemented in all regions *Zircon sales volumes increased 30 percent sequentially as a result of stronger than expected market growth, particularly in China, while selling prices remained level *Feedstock and other products sales decreased 29 percent sequentially, primarily due to the conclusion in the fourth quarter of 2020 of the mandated chloride slag sales per the Federal Trade Commission (“FTC”) consent order relating to the Cristal acquisition