Elementis’s chromium profits hit by maintenance shutdown
30/07/2013
Pre-tax profit fell to $67.5 million for the six months ended June 30 from $75.1 million a year earlier. Revenue fell 3% to $388.2 million.
Sales at Elementis's chromium business, used by the leather industry, fell 18%.
The company said it needs to periodically close its plants to realign the kilns used to make chrome chemicals but that it was expecting a better second half.
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