The Chemours Company, a global chemistry company with leading market positions in titanium technologies, thermal and specialized solutions, and advanced performance materials, invited key community stakeholders and legislators to a ribbon cutting event on Oct. 14 to officially recognize the startup of its newest mineral sand mine, Trail Ridge South. The new mining operation represents a $93 million investment that…
Read MoreDay: October 28, 2022
Source Energy Services Completes Refinancing of Senior Credit Facility
Source Energy Services Ltd. has closed a new revolving asset-backed senior credit facility with a syndicate comprising FGI Worldwide LLC and CIT Northbridge Credit, as advised by CIT Asset Management LLC, providing access to financing of approximately C$75 million (US$55 million, and has made the Aug. 15, 2022, cash interest payment on its 10.5% senior secured first-lien notes due March…
Read MoreAtlas to Build Out Office Space in Austin
According to state and local economic development sources Atlas Sand dba Atlas Energy Solutions plans to invest $1,083,000.00 to build out 11,412 sq. ft. of new space in Austin, Texas. The company plans to occupy the new space at 5918 W. Courtyard Dr., Ste. 400, Austin, Texas, on or about April 1, 2023.
Read MoreU.S. Silica Holdings Reports Revenue Increase
U.S. Silica Holdings Inc. announced net income of $32.1 million, or $0.41 per diluted share, for the third quarter ended Sept. 30. The third quarter results were negatively impacted by $2.1 million pre-tax, or $0.02 per diluted share after-tax, of charges primarily related to merger and acquisition related expenses and optimization costs, partially offset by the gain on extinguishment of…
Read MoreThis Week’s Market Buzz
• At press time Brent crude futures dropped $1.13 or 1.17%, to $95.83 a barrel, having climbed by 1.3% in the previous session. U.S. West Texas Intermediate (WTI) crude futures were down $1.08, or 1.21% at $88.01.
Read MorePolydeck’s PROTEX Can Extend the Life of Your Processing Equipment
Protect your investment and extend the life of your processing equipment by using PROTEX, Polydeck’s line of protective products. PROTEX advances Polydeck’s mission of solving your biggest challenges to increase production efficiencies.
Read MoreHolcim Reports Continued Record Performance; Green Growth
In the third quarter 2022, Holcim delivered another quarter of record results with net sales of CHF 8,045 million, up 16.3% on a like-for-like basis (LFL) compared to the prior year, or +10.4% of absolute growth. Net sales over the first nine months of 2022 were CHF 22,725 million, or 13.9% higher LFL than the prior-year period. Recurring EBIT reached…
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