Earnings hit historic levels in 2010 for TOR Minerals

摘要

TOR Minerals reported a 39% increase in sales of its titanium dioxide pigments during the fourth quarter of 2010. Sales jumped to $3.39 million in the final quarter of 2010 from $2.45million in the year ago quarter, due to increased prices and volumes. Said Olaf Karasch, TOR's chief executive: "Clearly our TiO2 pigment business is benefiting from an economic recovery in the paint and plastics markets. In addition, the tight global supply of titanium dioxide gives us pricing power and is driving new and existing customers to use more of our specialty pigments in their formulation."