Lead paint & pigment makers win battles in OH, MO & NJ, but still await RI Supreme Court hearing
- Book ID
- 104371132
- Publisher
- Elsevier Science
- Year
- 2007
- Weight
- 53 KB
- Volume
- 2007
- Category
- Article
- ISSN
- 0969-6210
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✦ Synopsis
In 1Q 2007, the company's sales revenue from nanoparticulate calcium carbonate was $9 M, compared against only $3.7 M for 1Q 2006. In the latest quarter, nanoparticulate calcium carbonate accounted for 40.5% of the company's total sales revenue. the rest coming from various coal-based chemical products, including ammonium bicarbonate, liquid ammonia, melamine and methanol. ShengdaTech expects to increase its total sales revenue from $72.6 M in 2006 to about $97 M in 2007. With nanoparticulate calcium carbonate representing a substantially higher proportion of total revenue, overall average profit margins should rise. The company is forecasting net income at $23.0-24.4 M for full-year 2007.