The results show asolid second quarter despite signs of demand weakness. The second quarter 2023 net sales of $1.6 billion were 14% lower than the prior-year quarter, driven by lower net sales in Titanium Technologies and Advanced Performance Material’s Advanced Materials portfolio.
The decision comes as part of a comprehensive strategy to improve the earnings quality of producers of the Ti-Pure brand by optimizing its manufacturing circuit.
The first two products in the new Ti-Pure™ Sustainability series include Ti-Pure TS-6300 and Ti-Pure TS-6200. Both are existing grades specifically designed to empower coatings formulators to create high-quality, long-lasting products that reduce material consumption and CO2 emissions.
The board of directors at LB Group has approved investments that include a new titanium dioxide (TiO2) pigment finishing plant and the doubling of the production of titanium sponge.