"We delivered significant year-over-year cash flow improvement in 2023, including a strong fourth quarter finish, which underscores our ongoing prioritization of working capital management," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer.
The patents are across several key regions, including Europe, the United States, China, and Indonesia, and emphasize the company's commitment to revolutionizing corrosion protection in coatings.
The eye-catching PPG Nitro Funny Car will be on the track for three National Hot Rod Association® (NHRA®) Mission Foods Drag Racing Series races, starting with the season opener at Gainesville Raceway in Florida this March.
The company received the certification at its PO/PG and polyols manufacturing site in Freeport, Texas, recognizing the implementation of decoupling fossil feedstocks by using waste-sourced feedstock.
The company announced another significant milestone in the decarbonization of its acrylic production chain, obtaining the certification for its acrylic acid and ester production facility located in Taixing, Jiangsu Province, China.
Following the company's emergence from Chapter 11, the newly appointed board of directors, together with management, have completed a strategic review and intend to implement a transformation plan to position Venator for long-term success.
Affected by the situation on the Red Sea and Suez Canal, the company will pass on the surcharges that global carriers have imposed on their shipments as of February 1st, 2024.
John McAllister will serve as Vice President of Sales for both the Industrial and Personal Care Divisions, and develop strategies to achieve Micro Powders’ fiscal targets along with expansion into new markets.
Highlights of the results include a net sales increase of 4.9% year-over-year to $1.3 billion, a net income increase of $30 million year-over-year to $74 million, and an adjusted EBITDA increase of $43 million year-over-year to $251 million.
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